Problem 15 * A late penalty of 10% will apply to new answers. Intro A stock just paid an annual dividend of $2.1. The dividend is expected to grow by 9% per year for the next 4 years. The growth rate of dividends will then fall steadily by 1.5% per year from 9% in year 4 to 3% in year 8 and stay at that level forever The required rate of return is 12%. IB- Attempt 1/10 for 9 pts. Part 1 What is the expected dividend in 8 years? 2+ decimals Submit IB-Attempt 1/10 for 9 pts. Part 2 What is the value of the stock in 8 years? 1+ decimals Submit B Attempt 1/10 for 9 pts. Part 3 What is the value of the stock now? 1+ decimals Submit