Numerical Answer Questions Calculate your answer and enter the numerical value for your answer in the space provided. Pay attention to instructions regarding how your answer is to be entered. Question 23 (5 points) For the year just ended (at t-0), Central Georgia Bank (CGB) had net income per share of $6.55 and paid an annual dividend of $3.65 per share. Analysts expect earnings and dividends to grow at 6.70% per year for the foreseeable future. Assume that investors expect a rate of return of 10.40% on CGB stock. Using the constant growth model, what should be the current price of this stock? [Enter your answer with two decimal places. Do not enter a dollar sign ($). For example, enter as: 135.33] Your Answer: ________
