Miller Brothers Hardware paid an annual dividend of $1.65 per share last month. Today, the company announced that future dividends will be increasing by 3.40 percent annually. If you require a 8.5 percent rate of return, how much are you willing to pay to purchase one share of this stock today? $33.45 $31.80 $48.53 $35.10 $50.18 Part 2: Winter Time Adventures is going to pay an annual dividend of $2.42 a share on its common stock next week. This year, the company paid a dividend of $2.30 a share. The company adheres to a constant rate of growth dividend policy. What will one share of this common stock be worth 11 years from now if the applicable discount rate is 10.0 percent? $114.95 $81.85 $95.76 $84.14 $88.53