Question 7

Question 7 5 pts A stock will pay dividends of $1.20 starting in YR4. The dividends for YRS, YR6, and YRT will grow by 25%, 20%, and 12%. Finally, the dividends will grow at a constant rate of 6% forever. The required return on the stock is 11%. The price of the stock today should be $ * When solving, do not round intermediate values. Answer in dollars, without the dollar sign, rounded to two decimal places (eg 27.35). Question 8 5 pts A stock will pay dividends of $1.20 four years from today, $1.50 five years from today, and $2.20 six years from today. There will be no dividend payments prior to year 4. After year 6, the growth rate in dividends per year is expected to be 6% forever. The required return on the stock is 11% P6, the price of the stock 6 years from now, should be $ - When calvino do not round intermediate values G Search or type URL