EX1 EX2 EX3 EX4 EX5 EX6 EX7 Exercise 4 A company currently pays a dividend of $2 per share (DO = $2). It is estimated that the company's dividend will grow at a rate of 20% per year for the next 2 years, then at a constant rate of 7% thereafter. What is your estimate of the stock's current price if the required return by the stockholders is 12%