1 Normal 1 No Spac... Heading 1 Heading 2 Title Subtitle Subtle Em.... Emphasis Intense E... Stre The Central Heating Company has been very successful in the past four years. Over these years, it paid common stock dividend of $4 in the first year, $4.20 in the second year, $4.41 in the third year, and its most recent dividend was $4.63. The company wishes to continue this dividend indefinitely. What is the value of the company's stock if the required rate of return is 12 percent? (zero growth model) 2. The Medical Equipment Company paid $2.25 common stock dividend last year. The company's policy is to allow its dividend to grow at 5 percent per year indefinitely. What is the value of the stock if the required rate of return is 8 percent?(constant growth model) 3