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Problem 6-16 H-Model (L02, CFA6) The dividend for Should I, Inc., is currently $1.80 per...

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Problem 6-16 H-Model (L02, CFA6) The dividend for Should I, Inc., is currently $1.80 per share. It is expected to grow at 12 percent next year and then decline linearly to a perpetual rate of 3 percent beginning in four years. If you required a return of 18 percent on the stock, what is the most you would pay per share? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price per share

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