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Intro A stock just paid an annual dividend of $1.6. The dividend is expected to grow by 9% per year for the next 4 years.

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Intro A stock just paid an annual dividend of $1.6. The dividend is expected to grow by 9% per year for the next 4 years. The growth rate of dividends will then fall steadily by 1.5% per year, from 9% in year 4 to 3% in year 8 and stay at that level forever The required rate of return is 12%. Attempt 1/1 for 10 pts. Part 1 What is the expected dividend in 8 years? 2+ decimals Submit Attempt 1/1 for 10 pts. Part 2 What is the expected stock price in 8 years? 1+ decimals Submit Attempt 1/1 for 10 pts. Part 3 What should be the current stock price? 1+ decimals Submit

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