4. Ch 8: Stock Valuation. Considering a dividend growth rate of 8%, find the most recent closing monthly stock price. Use the link below to find information about your company's dividend: https://ca.finance.yahoo.com/ a) Locate the most recent annual dividend for your selected company and calculate the dividend yield. b) Using your answer from a) and the 8 percent dividend growth rate. What is the required return for shareholders? c) Suppose instead that you know that the required return is 15 percent. What price should your selected company stock sell for now? d) What do you conclude from the above information? INFO Dividend History EX-DIVIDEND DATE 10/29/2020 DIVIDEND YIELD 0.75% ANNUAL DIVIDEND $0.68 P/E RATIO 39.01 Ex/EFF DATE TYPE CASH AMOUNT 10/29/2020 CASH $0.17 $0.17 DECLARATION RECORD PAYMENT DATE DATE DATE 10/15/2020 10/30/2020 11/16/20 07/14/2020 07/31/2020 08/14/20 04/16/2020 04/30/2020 05/15/20 07/30/2020 CASH 04/29/2020 CASH $0.17 02/05/2020 CASH $0.17 01/17/2020 02/06/2020 02/14/20