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Dodecagon Doodling Inc. has common stock selling for $56.00 a share. It just paid a dividend of $0.75 a share. The dividend is expected to

Dodecagon Doodling Inc. has common stock selling for $56.00 a share. It just paid a dividend of $0.75 a share. The dividend is expected to grow at a constant rate of 3.15% a year.

  1. What lis the expected stock price 1 year from now? What is the expected stock price 8 year from now?
  2. What is the required rate of return?

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