Suppose TX Inc. is expected to pay a $8 dividend in one year. If the dividend is expected to grow at 10% per year and the required return is 15%, what is the price? 6. Suppose a firm is expected to increase dividends by 10% in one year and by 20 % in two years. After that, dividends will be increase at a rate of 6% per year indefinitely. If the last dividend was $2 and the required return is 12%, what is the price of the stock? 7 Suppose a company had earnings per share of $12 over the past year. The industry average PE rate is 20. Use this information to value this company's stock price. 8