Assignment 5 7 Problem 7-32 Nonconstant Growth (LO2) 10 A company will pay a 52 per share dividend in 1 year. The dividend in 2 years will be $4 per share and its expected that dividends will grow at 2% per year thereafter. The expected rate of return on the stock is 12% o. What is the current price of the stock (Do not round Imermediate calculations. Round your answer to 2 decimal places) olino Current price b. What is the expected price of the stock in a year? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Expected price