Cojective, Inc just paid a dividend of $4.29 per share that is, b, - 429). Investors expect this dividend to grow at 25% next year. In year 1) and at 15% the following year le.. in year 2). Thereafter, dividends are expected to grow at a constant rate of 5% forever be for year 3. 4. 5. - If the required rate of return on this stock is 17.4%, the equilibrium price of the stock should be 5