12. What is the value of a stock that pays a dividend of $2.00 and has a constant growth rate of 10% and has a required return of 18%? 13. What is the value of a stock that will begin paying a dividend of $1.00 in four years, which will from then grow constantly at 5%, and has a required return of 15%? 14. If the industry average P/E ratio is 25 and the company your analyzing has a EPS of 2.14, what would you estimate to be the appropriate stock price? If the stock was currently trading for less than that number what should you do as an investor