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A stock pays annual, fixed dividends of $10 forever. The first dividend will occur one year later (i.e., at time nodet 1). Assuming a required

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A stock pays annual, fixed dividends of $10 forever. The first dividend will occur one year later (i.e., at time nodet 1). Assuming a required rate of return of 13%, what is the value of the stock? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67. type 12345,67). Question 6 10 pts A stock pays dividends annually. It just paid a dividend of $7 that is expected to grow at a constant rate of 2% forever. Assuming a required rate of return of 8%, what is the value of the stock? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67 type 12345.67) 119

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