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e following graph shows the value of a stook's dividends over time. The stock's current dividend is $1.00 per share, d dividends are expected to

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e following graph shows the value of a stook's dividends over time. The stock's current dividend is $1.00 per share, d dividends are expected to grow at a constant rate of 4.50% per year. The intrinsic value of a stock should equal e sum of the present value (PV) of all of the dividends that a stock is supposed to pay in the future, but many ople find it difficult to imagine adding up an infinite number of dividends. alculate the present value (PV) of the dividend paid today (Do) and the discounted value of the dividends expected be paid 10 and 20 years from now (D10 and D20). Assume that the stock's required return (rs) is 5.40%. ater Cary and round the calaulationst fur decial paces Time Period Dividend's Expected Expected Dividend's Future Value Now End of Year 10 End of Year 20 End of Year 50 Present Value $1.0000 $0.9178 $0.8424 $0.6513

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