TEET R Insert Table Chart Text Shape Media Comment ec Collab Add Page Chapter 7 Homework 1) (2 points) Constant growth dividend: A company is expected to pay a dividend of $2 next year (D = $2). It has a constant growth rate of 6% and a required return of 12%. What is the company's current stock price? 2) (3.5 points) Non-constant growth dividends: Current dividend = D. = $3. The growth rate=20% for Year Oto Year 1, 15% for Year 1 to Year 2, 10% for Year 2 to Year 3, and then long-run constant g = 6%. Investors required return = 15%. What is the current stock price? 3) (2.5 points) Non-constant growth dividends: Current dividend =Do = $3. The company estimates that its dividend in year 1 = $3.5, Dividend in year 2 = $4.5 and the stock price in two years, P2 is estimated to be $50. Investors required return = 15%. What is the current stock price (P.)? 4) (2 points) Preferred stock: A company pays $2 in preferred dividend. It has a constant growth rate of 6%. What is the company's preferred stock price