Problem 12 Intro A stock just paid an annual dividend of $1.1. The dividend is expected to grow by 10% per year for the next 4 years. The growth rate of dividends will then fall steadily by 1.25% per year, from 10% in year 4 to 5% in year 8 and stay at that level forever. The required rate of return is 12%. 18 Attempt 6/10 for 10 pts. Part 1 What is the expected dividend in 8 years? 2+ decimals Submit Part 2 18 Attempt 1/10 for 10 pts. What is the expected stock price in 8 years? 1+ decimals Submit Part 3 18 Attempt 1/10 for 10 pts. What should be the current stock price? 1+ decimals Submit