4. Fxpected dividends as a basis for stock values The following graph shows the value of a stook's dividends over time. The stodk's carrent dividend is $1.00 per share, and dividends are expected to grew at a constant rate of 4.50% per year. The intrinsic value of a stock should equal the sum of the present value (FV) of all of the dividends that a stock is supposed to bay in the future, but many people find it difficult to imagine adding up an infinite number of dividends. Calnulate thr preaent value (FV) of the dividend paid today (Dw) and the discounted value of the orvidends expected to be paid 10 , 20 , and 50 years from now (D2i1,D2,Dwa). Assume that the stock's required return (r) is 5 .woss. Note: Carry and round the calculations to four decimal places. Uing the bhue cipre (drde wymbols). plot the future value of each of the expected future dividends for years 10, 20, and 50, The resuling curve will Wistrate how the IV of i particular dividend parment will increase depending on how far from todar the dividend is expected to be received. Note Kound rack of thie Gucourted values of the dividends to the nearest tenth decimal place before ploting it on the oraph, rou can mouse erer the