, |PDF AGEN | | ;, 4. (15 points) CC.com currently pays irregular dividends in the next four years: Di=$2. D2=$2.5, D3=$5.2, D4=$8.5. Investors believe that the dividends are expected to grow at 2% thereafter. The required rate of return on the stock is 8%. What is the current market price of the stock? $120.58 growth - RoExplowback ratio - ROEX (1- dividend payout ratio 2% = 8% (1 - dividend payout ratio)