Hook 'Em Horns inc.'s common stock is expected to pay a dividend of 2.00/share each year for the next 12 years. The dividends are assumed to grow at a constant rate of 2% thereafter. Using an 8% required rate of return, calculate the value of a share of this company's stock.
NOTE Please explain how you do the work so that I can practice. FWIW, I have a HP financial calculator that I can use.