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3. a. Viola Inc. paid its most recent (2020) annual dividend of $2.5 per share. The firm's financial manager expects that these dividends will grow

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3. a. Viola Inc. paid its most recent (2020) annual dividend of $2.5 per share. The firm's financial manager expects that these dividends will grow at a 4% annual rate over the next four years. If the firm's cost of capital, rs, is 6.5%, then find out the price of the stock at the end of 2020. 151 b. If Viola Inc. paid $3.5 per share annual dividend at the end of 2024 and the firm's manager expects the dividends to grow at 6% annual rate from then onwards for the foreseeable future, then please find out the price of the stock at the beginning of 2025 given the required return, ris 6.5%

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