0-30 $0.632 divid Constant Growth Stock Valuation Campbell Soup Co. (CPB) paid a 0.032 dividend per share in 2003, which grew to $0.76 in 2006. This growth is expected to continue. What is the value of this stock at the beginning of 2007 when the required return is 8.7 percent? (LG8-5) Expected Return Paychex Inc. (PAYX) recently paid an $0.84 dividend. The dividend is expected to grow at a 15 percent rate. At a current stock price of $40.11, what is the return shareholders are expecting? (LG8-5) 1. V . A do not pay a dividend