Question: please answer it right , thank you. Problem 15 Intro A stock just paid an annual dividend of $6.5. The dividend is expected to grow

please answer it right , thank you.

Problem 15 Intro A stock just paid an annual dividend of $6.5. The dividend is expected to grow by 3% per year for the next 4 years. In 4 years, the P/E ratio is expected to be 15 and the payout ratio to be 60%. The required rate of return is 8%. Part 1 What is the value of the stock? 1 Attempt 2/10 for 9 pts. Oy decimals Previous answers: 134.56 Submit

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