Intro A stock just paid an annual dividend of $1.9. The dividend is expected to grow by 10% per year for the next 3 years. The growth rate of dividends will then fall steadily (linearly) from 10% after 3 years to 7% in year 6. The required rate of return is 12%. Part 1 Attempt 1/10 for 9.5 pts. What is the current stock price if the dividend growth rate will stay 0.07 (7%) forever after 6 years? 1+ decimals Submit Part 2 Attempt 1/10 for 9.5 pts. In 6 years, the P/E ratio is expected to be 21 and the payout ratio to be 80%. What is the current stock price when using the P/E ratio? 0+ decimals Submit