My Drive - Google M Gmail D YouTube Maps Operations Manag HOME finance a Amazon.com: Mai E connect FINANCE FIN 101 Business Finance FIN 2:45pm Spring 2021 Class 3 vole 3.57 points Problem 7-12 Stock Valuation [LO 11 Alexander Corp. will pay a dividend of $4,30 next year. The company has stated that it will maintain a constant growth rate of 4.75 percent a year forever Requirement 1: if you want a retum of 16 percent, how much will you pay for the stock? (Do not round Intermediate calculations. Round your answer to 2 decimal places (eg. 32.16).) Current stock price Requirement 2 If you want a return of 12 percent, how much will you pay for the stock? (Do not round Intermediate calculations. Round your answer to 2 decimal places (e-9., 32.15)) Current stock price References eBook & Resources Worksheet Difficulty: Basic Problem 7-12 Stock Valuation [LO 11 Leaming Objective 07-01 Assess how stock prins depend on future vidends and dividend growth Check my work