B D E 1 Checked Stock Prices (Spreadsheet) 2 2 3 4 5 Recent Dividend (say, one hour ago) Growth rate of dividends Stockholder's Required Return 8.70 3.4% 12.1% 6 7 8 8 9 10 11 12 13 14 (This question is graded) 15 2 Assume the projected dividend at end-of-year 4 was just paid. 16 What is the new present value of the next 100 projected dividends? 17 A Between 5.00 and 45.00 18 B Between 45.00 and 70.00 19 C Between 70.00 and 90.00 20 D Between 90.00 and 125.00 21