OMG Corporation just paid a $2.30 annual dividend on each share. It is planning on increasing its dividend by 16 percent a year for the next 4 years. The corporation will then decrease the growth rate to a rate of 4 percent per year, and keep it that way indefinitely. The required rate of return is 7.80 percent. Calculate the current value of one share of this corporation's stock. Multiple Choice $116.27 $84.40 O $95.49 $97.79 $113.97 ThisIsNotHappening has no competition in business and is growing quickly. This company's annual dividends are expected to grow at 18 percent per year for the next 3 years. The growth rate in dividends will then drop to a constant 5 percent per year, in perpetuity, due to competitors joining the market and lowering ThisIsNotHappening company's market share. The required return is 8 percent. You also know that the company just paid a $2.80 dividend on each of its shares. Calculate the current share price. Multiple Choice $135.12 $137.87 $140.63 $128.41 $134.22