Intro A stock just paid an annual dividend of $2.3. 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 What is the expected dividend in 8 years? 2+ decimals Save Part 2 What is the value of the stock in 8 years? 1+ decimals Save Part 3 What is the value of the stock now? Attempt 1/1 Attempt 1/1 Attempt 1/1