Kudrow, Inc.manufactures tennis balls.Kudrow just paid a dividend of $4.76 per share and plans to pay a dividend of $5 per share next year, which is expected to increase by 3 percent per year subsequently.The required rate of return is 15 percent.The value of Kudrow stock, according to the dividend discount model, is $____.

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The Answer of Kudrow, Inc.manufactures tennis balls.Kudrow just paid a dividend of $4.76 per share and plans to pay a dividend of $5 per share next year, which is expected to increase by 3 percent per year subsequently.The required rate of return is 15 percent.The value of Kudrow stock, according to the dividend discount model, is $____.