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please do part 2 only in 15 minutes please urgently... I'll give you up thumb definitely Problem 10 You have until 9:00 PM to complete

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please do part 2 only in 15 minutes please urgently... I'll give you up thumb definitely

Problem 10 You have until 9:00 PM to complete this assignment. Intro A stock is expected to pay an annual dividend of $4.91 per share in one year. The dividends are expected to grow at a rate of 3% per year forever. The required rate of return for this stock is 15% Part 1 What is the current stock price? 40.92 Save Attempt 1/1 Part 2 Attempt 1/1 The company now announces that it is undergoing a restructuring operation and it will suspend it's next two annual dividends (i.e. it will pay investors nothing) and pay out a new, larger dividend of $5.86 per share at the end of three years, which will then continue to grow by 3% per year as before. If the market believes this estimate, what is the new current stock price? 1+ decimals Save

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