3 & 4

2 . A stock is expected to pay the following dividends: $1.1 in 1 year, $1.5 in 2 years, and $2.1 in 3 years, followed by growth in the dividend of 6% per year forever after that point. The stock's required return is 11%. The stock's current price (Price at year 0) should be $ Do not round any intermediate work, but round your final answer to 2 decimal places (ex: 12.34567 should be entered as 12.35). Margin of error for correct responses: +/- 10. Question 4 2 pts A stock is currently priced at $30.4. Its dividend is expected to grow at a rate of 6.3% per year indefinitely. The stock's required return is 7.4%. The stock's predicted price 6 years from now, P6, should be $ Do not round any intermediate work, but round your final answer to 2 decimal places (ex: 12.34567 should be entered as 12.35). Margin of error for correct responses: +/-05