A share of common stock is expected to pay a dividend of $3.00. If the expected long-run growth rate for this stock is 8 percent, and if investors require a 15 percent rate of return, what is the price of the stock? Hint: Read the question carefully and underline the clues O$42.86 O$71.29 O$50.51 O$62.18 QUESTION 21 Next year, Jensen's will pay an annual dividend of $3.32 per share. The company has been reducing its dividends by 7 percent annually. What is this stock worth today if the required retum is 15.5 percent? O$10.21 O$25.22 O$14.76 O$9.06