3) $1,345 4) $1,939 Page 5: Question 24 (1 point) Shares of Alphabet Inc. are trading for $1,100. Alphabet doesn't currently pay a dividend. Assume that it will commence paying annual dividends three years from today. Once started, it will pay dividends in perpetuity and they will grow at an annual rate of 4%. Alphabet investors require a return of 8%. What dividend is the market using to arrive at its current valuation