27. What would you pay today for a stock that is expected to make a $2.25 dividend next year if the expected dividend growth rate is 4% and you require an 11% return on your investment? A) $28.57 B) $29.33 C) $31.43 D) $32.14 E) $33.43 28. Suppose a firm has just paid a dividend of $4 per share. Subsequent dividends will remain at $4 indefinitely. Assuming a 5% required rate, what is the value of one share? A) $22.50 B) $27.25 C) $32.50 D) $37.25 E) $80.00