Problem 11 Intro A stock just paid an annual dividend of $7.6. The dividend is expected to grow by 2% per year for the next 4 years. In 4 years, the P/E ratio is expected to be 19 and the payout ratio to be 60%. The required rate of return is 8%. IB Attempt 1/10 for 10 pts. Part 1 What should be the current stock price? 0+ decimals Submit Type here to search