8. L company's dividends are expected to grow at a constant rate of 4.5% indefinitely required rate of return on this stock is 12%, compute-the current value pershar Co. stock. ily Co. paid a dividend of $4.25 on its common stock at the end of last year. a. $78.38 b. $72.43 c. $59.22 d. $41.9 2 of 5