Section 1. Question 6. Innova Tech (IT) company is getting well known among analysts due to its planned dividend payment. The company plans to pay $0.80 a share next year, $1.20 a share the following year, and $1.60 a share the year after. After that, it grows at an annual constant rate of 4% forever. What is the price of IT's stock today if the market rate of return on similar stock is 10%? Which is more difficult to do valuation? A stock or a bond? Explain in your own words