A late penalty of 2% will apply to new answers. Intro A stock just paid an annual dividend of $1.8. The dividend is expected to grow by 6% per year for the next 3 years. The growth rate of dividends will then fall steadily (linearly) from 6% after 3 years to 3% in year 6 . The required rate of return is 12%. Part 1 Attempt 2/10 for 7.8 pts. What is the value of the stock if the dividend growth rate will stay 0.03(3%) forever after 6 years? Try again Part 2 Attempt 1/10 for 9.8 pts. In 6 years, the PIE ratio is expected to be 18 and the payout ratio to be 80%. What is the value of the stock when using the P/E ratio? Try again