Constant Growth Stock Valuation
Waller Co. (WAG) paid a $0.146 dividend per share in 2006, which grew to $0.312 in 2012. This growth is expected to continue.
What is the value of this stock at the beginning of 2013 when the required return is 14.6 percent? (Round the growth rate, g, to 4 decimal places. Round your final answer to 2 decimal places.)
Stock value $