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Mack Industries just paid a dividend of $4 per share (D0=$4). Analysts expect the company's dividend to grow 6 percent this year (D1 =$4.24 )

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Mack Industries just paid a dividend of $4 per share (D0=$4). Analysts expect the company's dividend to grow 6 percent this year (D1 =$4.24 ) and 6 percent next year. After two years the dividend is expected to grow at a constant rate of 3 percent. The required rate of return on the company's stock is 11 percent. What should be the company's current stock price? $54.43 $56.43 $58.43 $60.43 $62.43 Goode Inc.'s stock has a required rate of return of 15.9%, and it sells for $100 per share. Goode's dividend is expected to grow at a constant rate of 4.2%. What is the next expected dividend, D1? $11.70 $10.70 $12.70 $13.70 $14.70

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