4. Expected dividends as a basis for stock values The following graph shows the value of a stock's dividends over time. The stock's current divident is $1,00 per share, and dividends are expected to grow at a constant rate of 3.50% per year. The intrinsic value of a stock should equal the sum of 1 present value (PV) of all of the dividends that a stock is supposed to pay in the future, but many people find it dificult to imagine adding up an infinite number of dividends. Calculate the present value (PV) of the dividend paid today (D) and the discounted value of the dividends expected to be paid 10 , 20 , and 50 years from now (D10,D20,D30). Assume that the stock's required return (rr) is 10,40%. Note: Carry and round the calculations to four decimal places