Question: Question 3 4 pts A stock is expected to pay the following dividends: $1.0 in 1 year, $1.5 in 2 years, and $1.9 in 3

Question 3 4 pts A stock is expected to pay the following dividends: $1.0 in 1 year, $1.5 in 2 years, and $1.9 in 3 years, followed by growth in the dividend of 7% per year forever after that point. The stock's required return is 12%. The stock's current price (Price at year O) should be $____ Do not round any intermediate work, but round your final answer to 2 decimal places (ex: 12.34567 should be entered as 12.35). Margin of error for correct responses: +/- 10. Question 4 4 pts A stock is currently priced at $30.9. Its dividend is expected to grow at a rate of 5.2% per year indefinitely. The stock's required return is 7.4%. The stock's predicted price 6 years from now, P6, should be $________ Do not round any intermediate work, but round your final answer to 2 decimal places (ex: 12.34567 should be entered as 12.35). Margin of error for correct responses: +/- .05
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