A company just paid a dividend of $1.30 per share. The consensus forecast of financial analysts is a dividend of $1.60 per share next year and $2.20 per share two years from now. Thereafter, you expect the div end to grow 5% per year indefinitely into the future. If the required rate of return is 10% per year, what should be a fair price for this stock today? (Answer to the nearest penny.) A company past paid a dividend of $1.20 per share. You expect the div end to grow 13% over the next year and 8% two years from now. After two years, you have estimated that the dividend will continue to grow indefinitely at the rate of 5% per year. If the required rate of return is 13% per year, what would be a fair price for this stock today? (Answer to the nearest penny.)