2.1 Popovich Coporation just paid a dividend of $3.00 per share. Investors anticipate that the annual dividend will rise by 6% a year forever. The price of the stock today should be present value of all future cash flow. The discount rate is 11 percent. What's the amount of the next dividend payment? (Hint: use the past dividend and the growth rate) 2 What is the price of the stock today? (Hint: use the growing perpetuity formula)