A stock has never before paid a dividend but is expected to make its first dividend payment in 5 years. If the first dividend payment is expected to be 53 and dividends are expected to grow at 6%, what is the stock expected to be worth four years from now if investons require a 12% return? QUESTION 5 What is the stock in the previous question worth today? QUESTION 6 What is the stock expected to be worth in 7 years