8-3 Addon Manufacturing's stock currently sells for $22 a share. The stock past paid a dividend Constant Growth of $1.20 a share i.e., D-51.20). The dividend is expected to grow at a constant rate of ios valuation a year. What stock price is expected 1 year from now? What is the required rate of return on the company's stock? 8-4 Basil Pet Products has preferred stock outstanding that pays a dividend of 5 at the end of each year. The preferred stock sells for $50 a share. What is the preferred stock's required Valtion rate of return 3. 5 mmanuently is dividend of $2 per share. D i t is estimated that the com