that Do $=$ $$1\mathrm{.}00$ and the stock's last closing price is $$21\mathrm{.}20.$ It is expected that earnings and dividends will grow at a constant rate of$8=6\mathrm{.}00\%$ per year and that the stock's price will grow at this same rate. Let us assume that the stock is fairly priced, that is$,$ it is in equilibrium,and the most appropriate required rate of return is rs $=11\mathrm{.}00\%.$The dividend received in period $1$ is D$,=$ $$1\mathrm{.}00$ x $(1+0\mathrm{.}0600)=$ $$1\mathrm{.}06$ and the estimated intrinsic value in the same period is based on theconstant growth model: Pi $=7$Using the same logic, compute the dividends, prices, and the present value of each of the dividends at the end of each period.