1. Dividend Growth and Stock Valuation Singer Bangladesh Company Ltd. has just paid a cash dividend of $2 per share. Investors require a 16 percent return from investments such as this. If the dividend is expected to grow at a steady 8 percent per year, what is the current value of the stock? What will the stock be worth in five years? If this share is currently being traded at $30, will you invest in this share? Give your argument behind your answer (whether to invest or not)