if your stock paying annual dividends will pay a dividend d=1 at t=1 of $1.34 and have a growth rate of 11% between t=1 and t=2 and with a constant growth rate of 4% thereafter into the future, what should be the value of the stock at t=0 if the expected rate of return for the stock is 8% notice expected dividends are given at t=1, not t=0.