P8-9 Stock Valuation and Required Return (LO1] Red, Inc., Yellow Corp., and Blue Company each will pay a dividend of $2.20 next year. The growth rate in dividends for all three companies is 6 percent. 2 required return for each company's stock is 8.60 percent, 12.90 percent, and 14.80 percent, respectively. Required: (a) What is the stock price for Red. Inc., Company? (Click to select) (Click to select) price for Yellow Corp. Company? (b) $36.67 $15.07 (c) $84.62 price for Blue Company? $25.58 $6.60 P8.9 Stock Valuation and Required Return (LO) Red, Inc., Yellow Corp., and Blue Company each will pay a dividend of $2.20 next yea The growth rate in dividends for all three companies is 6 percent. The required return fo each company's stock is 8.60 percent, 12.90 percent, and 14.80 percent, respectively. Required: (a) What is the stock price for Red, Inc., Company? (Click to select) (b) What is the stock price for Yellow Corp. Company? (Click to select) (Click to select price for Blue Company? (c) $11.64 $6.60 17.05 $31.88 $36.67 9 P8-9 Stock Valuation and Required Return [LO1] Red, Inc., Yellow Corp., and Blue Company each will pay a dividend of $2.20 next year. The growth rate in dividends for all three companies is 6 percent. The required return for each company's stock is 8.60 percent, 12.90 percent, and 14.80 percent, respectively. Required: (a) What is the stock price for Red. Inc., Company? (Click to select) (b) What is the stock price for Yellow Corp. Company? (Click to select) (c) What is the stock price for Blue Company? (Click to select) (Click to select) $10.58 $6.60 $36.67 $25.00 $14.86