A stock just paid an annual dividend of $4.44. The dividend is expected to grow by 8% per year for the next 5 years. It will then grow by 2% per year forever.

The required rate of return is 11%.

B Attempt 1/10 for 10 pts. Part 1 What is the dividend in year 5? 1+ decimals Submit Attempt 1/10 for 10 pts. Part 2 What is the terminal value (P5)? 0+ decimals Submit Part 3 Attempt 1/10 for 10 pts. What is the value of the stock? 0+ decimals Submit