Intro A stock just paid an annual dividend of $2.8. 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% per year, from 9% in year 4 to 5% 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