3.) Snapchat (ticker: SNAP) has agreed to pay shareholders a dividend of $3.00 per year and they will not be increasing this dividend. If the required return on SNAP is 12%, what is the current price of one share of Snapchat? Snapchat just paid a dividend of $1.45, and they have told investors that they are going to increase their dividend by 5% per year. If investors still require a return of 12%, what is the current price of one share of Snapchat? Snapchat just paid a dividend of $1.34 and the current price of one share of SNAP is $37.37. If the required return is 12%, what is the growth rate in dividends?