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Problem 8-9 Stock Valuation and Required Return [LO1] Red, Inc., Yellow Corp., and Blue Company each will pay a dividend of $3.00 next year. The

Problem 8-9 Stock Valuation and Required Return [LO1] Red, Inc., Yellow Corp., and Blue Company each will pay a dividend of $3.00 next year. The growth rate in dividends for all three companies is 6 percent. The required return for each companys stock is 8 percent, 11 percent, and 14 percent, respectively. What is the stock price for each company? (Round your answers to 2 decimal places. (e.g., 32.16)) Stock price Red, Inc. $ Yellow Corp. $ Blue Company $

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