Question 11 (2 points) During the past 5 years, Mac' Corp's dividends have grown from $1.90 to $3.00 per share. If the past growth rates are expected to continue into the future, what is the current value of Mac's common stock to an investor who requires a 15% rate of return? $55.20 $47.32 $60.48 $52.40 Question 12 (2 points) What is the current value of a share of Masks if its current dividend is $1.75 and dividends are expected to grow at an annual rate of 15 percent for the next 5 years? Assume the investor has a required rate of return of 18 percent and expects to sell the security in 5 years for $85. $39.94 $45.61 $34.32 $44.33