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[Related to Solved Problem 6.2] Suppose that Coca-Cola is currently paying a dividend of $1.69...

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Accounting

[Related to Solved Problem 6.2] Suppose that Coca-Cola is currently paying a dividend of $1.69 per share, the dividend is expected to grow at a rate of 5% per year, and the rate of return investors require to buy Coca-Cola's stock is 8%. Calculate the price per share for Coca-Cola's stock.
The price per share of Coca-Cola stock is $
(Round your response to two decimal places.)
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