Information Flag question The following two questions relate to Church, Inc., whose dividends are expected to grow at a nonconstant rate over the next several years. Both questions provide the same data, but ask for different responses. Question 19 Tries remaining: 1 Points out of 1 Church Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expects earnings and dividends to grow at a rate of 3% for the next 4 years, after which competition will probably reduce the growth rate in earnings and dividends to zero, i.o., 9 = 0. The company's most recent dividend, Do. was $1.37, and its required rate of return is 11%. What is the expected Horizon Value at tu4? Flag question Answer: Check Question 20 Tries remaining 1 Points out of 1 Flag question Church Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expects earnings and dividends to grow at a rate of 2% for the next 4 years, after which competition will probably reduce the growth rate in earnings and dividends to zero, ieg=0. The company's most recent dividend, Do, was $1.49, and its required rate of return is 11%. What is the current price of the common stock? Answer: Check