Most corporations pay quarterly dividends on their common stock rather than annual dividends. Barring any unusual circumstances during the year, the board raises, lowers, or maintains the current dividend once a year and then pays this dividend out in equal quarterly installments to its shareholders a. Suppose a company currently pays an annual dividend of $400 on its common stock in a single annual installment, and management plans on raising this dividend by 6 25 percent per year indefinitely if the required return on this stock is 9 percent, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. Now suppose the company in part (a) actually pays its annual dividend in equal quarterly installments, thus, the company has just paid a dividend of $100 per share, as it has for the previous three quarters What is your value for the current share price now? (Hint Find the equivalent annual end-of-year dividend for each year) (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.) a. Current share price b. Current share price