part 1. general hospital just paid a dividend of $0.80 per share, and that dividend is expected to grow at a constant rate of 8.0% per year in the future. the company's required return is 11.0%. what is the company's current stock price?

A. $33.06

B. $28.80

C. $31.95

D. $27.69

part 2. what is the current value of a share of ABC common stock if its current dividend is $1.50 and dividends are expected to grow at the annual compound growth rate of 20 percent into the foreseeable future? assume the investor has a required rate of return of 15 percent and expects to sell the security in 5 years.

A. $56.87

B. $30.00

C. $25.00

D. the constant growth rate model cannot be used because the growth rate is greater than the required rate of return.