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1. a) A stock does not currently pay a dividend, but you expect to sell the stock for $52 in 4 years. The required return

1. a) A stock does not currently pay a dividend, but you expect to sell the stock for $52 in 4 years. The required return is 8%. What is the value of the stock?

b) A stock has a required return of 14.54% and a dividend yield of 2.48%. The price of the stock is $62.6 and the stock is currently in a constant dividend growth phase. What will be the stocks price be in 4 years?

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