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8. (2pts) NUYU Corp. announced today that it will begin paying annual dividends. The first dividend will be paid next year at be $0.59 per

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8. (2pts) NUYU Corp. announced today that it will begin paying annual dividends. The first dividend will be paid next year at be $0.59 per share. The following 3 years will have dividends of $0.69,$0.79, and $1.09 per share. After that, dividends are projected to increase by 3.9% per year consistently. How much should the stock be trading for today if the required return is 13% ? Step 1: Find the values of the irregular growth dividends

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