Question: Please help me do these two questions. Id deeply appreciate it 5. Assume that Ritchey Industries is expected by investors to have a dividend growth

Please help me do these two questions. Id deeply appreciate it
 Please help me do these two questions. Id deeply appreciate it

5. Assume that Ritchey Industries is expected by investors to have a dividend growth rate over the foreseeable future of 5 percent a year, and that the required rate of return for this stock is 11 percent. The current dividend being paid is $2.20. What is the estimated value of the stock? 6. Jay Technology is currently selling for $40 a share with an expected dividend in the coming year of $2.20 per share. If the growth rate in dividends expected by investors is 7 percent, what the required rate of return for Jay

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