At the end of 2016, ABC Company paid a dividend of \$18. Analysts estimate that dividends will increase at a rate of 4% until the year 2021. From 2021, dividends will increase at a rate of 3% indefinitely. 1. Find the price of that share at the start of 2019 if the required return is 7%. 2. Find the price in the year 2023 if the required rate of return increases to 8% in that year. 3. Suppose you buy the stock in 2019 and are able to reinvest the annual dividends at the rate of 5%. Calculate the effective rate of return you would realize if you sell the stock in 2023