3. The Brothers Corporation just paid an annual dividend of AED 4 per share on its common stock. The dividend is expected to grow at a rate of 16 percent over the next four years It will then grow at a normal, constant rate of 9 percent for the foreseeable future. The required rate of return is 12 percent. Compute the current value of the stock 4. LMG has an annual cash dividend policy that raises the dividend each year by 4%. Last year's dividend was $0.50 per share. What is the price of this stock if a. an investor wants a 6% return? b. an investor wants an 8% return? 5. The North Corporation has a current annual cash dividend policy of AED 3.60. The price of the stock is set to yield a 10% return. What is the price of this stock if the dividend will be paid for 10 years. for 8 years? b. for 12 years? forever? a. c