4. Suppose that the current price and most recent dividend for a firm are $24.25 and $1.10, respectively. If the required return on the stock is 8.5%, what is the implied growth rate? 5. Company Alpha pays a current dividend of $3 and is expected to grow at 20% for two years and then at 4% thereafter. If the required return for the company is 8.5%, what is the intrinsic value of its stock? Follow the three steps on Handout 6 to solve the