2. You're evaluating a stock which pays out constant yearly dividends of $2.36. If the stock's required rate of return is 12% and there is no expected growth, what would the stocks price be today? b. The stock's company suddenly announces that due to an increase in expected future earnings, they will start to increase dividends by a rate of 5% each year, starting with next year's dividends. The required rate of return stays at 12%. What will the new price of the stock be