part 1. flowers corp. stock currently sells for $62.00 per share. the dividend is projected to increase at a constant rate of 5.0% per year. the required rate of return on the stock is 9.00%. what is the stock's expected price 3 yesrs from today?

A. $71.77

B. not enough information

C. $58.71

D. $61.94

part 2. a stock will pay a dividend of $1.50 end of next year. the required rate of return is 9.0% and the constant growth rate is 5.0% what is the current stock price?

A. $37.50

B. $34.32

C. $32.14

D. $31.20

E. $30.00