View History Bookmarks Develop Window * 19% Fri 1:00 PM richie lyons Help A newconnect.mheducation.com Chapter 7 Part 2 Quiz Solved Norconstant Growth, A Cory will pay $2 art 2 Quiz 6 Seved Help Save & Exit Submit A company will pay a $2 per share dividend in 1 year. The dividend in 2 years will be $4 per share, and it is expected that dividends will grow at 5% per year thereafter. The expected rate of return on the stock is 12% a. What is the current price of the stock? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Current price $ 52.81 A company will pay a $2 per share dividend in 1 year. The dividend in 2 years will be $4 per share, and it is expected that dividends will grow at 5% per year thereafter. The expected rate of return on the stock is 12% a. What is the current price of the stock? (Do not round Intermediate calculations. Round your answer to 2 decimal places) Current price b. What is the expected price of the stock in a year? (Do not round Intermediate calculations. Round your answer to 2 decimal places) Expected price s 57.14