2. A company recently paid a dividend of $1.8. An analyst has examined the financial statements and historical dividend policy of the company and expects that the firm's dividend rate will grow at a constant rate of 3.5% indefinitely. The analyst also determined the required rate of return is 10%. Calculate the current value of the company's share. 3. A firm currently pays a dividend of $1.22, which is expected to grow indefinitely at 5%. If the current value of its shares based on the constant-growth dividend discount model is $32.03, what is the required rate of return