Based on the data in Exhibit 4 and Intern 1 's estimate of the required return and the dividend growth rate for the first four years, the growth rate beyond the first four years consistent with the current price for Xerxes stock is 3.80% 4.17% 4.23% Xerxes Corporation In his analysis of the stock of Xerxes Corporation, Weatherspoon observes that it has a dividend of $2.00 per share and a stock price of $51.98. Two analyst interns have offered estimates of the company's required rate of return and dividend growth rate, as shown in Exhibit 4