Problem 10 Intro A stock just paid an annual dividend of $7.1. The dividend is expected to grow by 6% per year for the next 4 years. In 4 years, the P/E ratio is expected to be 13 and the payout ratio to be 60%. The required rate of return is 8%. Part 1 What should be the current stock price? 8 Attempt 1 /1 for 12 pts. No decimals Submit