III. You are considering investment in the common stock of Cowher Corp. The stoek is expected to pay a dividend of $4.20 per share at the end of the year (i.e. D1=$4.20 ). The required rate of return for the stock is 12 percent. The stock's dividend is expected to grow at some constant rate, g. The stock currently sells for 560 a share. Assuming the market is in equilibrium, what does the market believe the stock price will be at the end of year? (In other words, what is P, 7 ) ( 12 points)