Question 1 (2 points) Sky High Co. just paid a dividend of $1.6 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year indefinitely. If investors require an 9.2 percent return on Sky High Co. stock, the current price is $ ___. Round it to two decimal places, and do not include the $ sign, e.g., 23.56.Get Finance homework help today
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