A stock is currently trading at $35.00 and the last dividend it paid was $2.05. The constant growth rate is expected to be 3%. The return on the stock is closest to: 5.86%. 8.86%. 9.03% Question 18 A stock does not currently pay dividends and is expected to pay its first dividend in 5 years. Analysts expect that dividend to be $10.00/share and grow at a 3% rate. If the appropriate rate of return for the stock is 12%, what is the value of the stock today? $70.61 2 pts O $78.71 O $111.11