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Intro A stock just paid an annual dividend of $3.52. The dividend is expected to grow by 10% per year for the next 5 years.

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Intro A stock just paid an annual dividend of $3.52. The dividend is expected to grow by 10% per year for the next 5 years. It will then grow by 4% per year forever. The required rate of return is 11%. Part 1 What is the value of the stock? 0+ decimals Submit Attempt 4/10 for 8 pts. Intro Net income for the previous year was $400,000, of which $210,000 was paid out in dividends. Dividends are expected to grow at a constant rate. The company has 200,000 shares outstanding and the book value of equity is $2,000,000. The appropriate P/E ratio for this type of company is 15. Part 1 What is the expected stock price 5 years from now? 1+ decimals Submit Attempt 3/10 for 10 pts

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