What is current price, Gilmore, Inc., just paid a dividend

What is current price

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Reference no: EM131357337

Gilmore, Inc., just paid a dividend of $2.40 per share on its stock. The dividends are expected to grow at a constant rate of 6.25 percent per year, indefinitely. Assume investors require a return of 12 percent on this stock.

What is the current price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Current price

Reference no: EM131357337

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