8-20 Value a Constant Growth Stock Financial analysts forecast Limited Brands (LTD) growth rate for the future to be 12.5 percent. LTD's recent dividend was $0.60. What is the value of Limited Brands stock when th required return is 14.5 percent? (LG8-5) Lantly naid a $0.46 dividend. (LG8-5) 8-22 Expected Return Paychex Inc. (PAYX) recently paid an $0.84 dividend The dividend is expected to grow at a 15 percent rate. At a current stock price of $40.11, what is the return shareholders are expecting? (LG8-5) door not pay a dividend to