Example: Constant-Growth Model Lamar Company, a small cosmetics company, had an annual dividend growth rate of 7% in the past. Your required return on the stock is 15% (1) If Lamar's next dividend is expected to be $1.50 per share, hovw much will you pay for a share of the company's stock? (2) If Lamar just paid a dividend of $1.50 per share, how much will you pay