Intro A stock just paid an annual dividend of $1.5. The dividend is expected to grow by 8% per year for the next 4 years. The growth rate of dividends will then fall steadily by 1.25% per year, from 8% in year 4 to 3% in year 8 and stay at that level forever. The required rate of return is 12%. Part 1 Attempt 1/10 for 10 pts. What is the expected dividend in 8 years? Part 2 Attempt 1/10 for 10 pts. What is the intrinsic value of the stock in 8 years? Part 3 Attempt 1/10 for 10 pts. What is the intrinsic value of the stock now