4. Expected dividends as a basis for stock values The following graph shows the value of a scock's dividends over time. The stocks's current dividend is $1.00 per share, and dividends are expected to grow at a constant rate of 3. Sos per year, The intrinsic value of a stock should equal the sum of the present value (PV) of all of the dividends that a stock is supposed to pay in the future, but mamy people find it dificuit to imagine adding up an infinite number of dividends. Calculate the present value (PY) of the dividend paid today (Da) and the dacounted value of the divitends expected to be pald 10 , 20 ; and 50 years from now (D10,D20,D30). Assume that the stock's required return (f1) is 10.40%01 Note: Camy and round the calculotions to four decimal places. Weing the prange curve (sauare symbols), plst the present value of each of the expected future dividends for years 10 , 20 , and 50 . The resulting curve will iflustrate hon the PV of a particulat dividend payment wit decreise depending on how far fram today the dividend is expected to be recehed. Note: Revind eath of the discounted vakies of the divisends to the nearest tenti decimal place before ploting it on the graph rou can mous over the points in the graph to see their coordinates. Note: Roand each of the discounted values of the diyldends to the nearest tenth decimal ploce before ploting it on the craph. You can mouse twer the points in the graph to see their coordinates