8. A company recently paid a dividend of $4.00 per share. Management expects dividends to grow at the rate of 8% per year for 3 more years. If the required rate of return on the company's stock is 14%, how much would the stock be worth at the end of three years from today? A. $68.02 B. $71.42 C. $82.50 D. $90.70 E. $109.81 9. A preferred stock investment will pay you an annual $10 dividend on the same day each year. The dividends will begin 40 years from today and go on forever. How much is this investment worth today if the required rate is 10%? A. $1.77 B. $1.94 C. $2.19 D. $2.37 E. $2.43