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Problem 9 A late penalty of 10% will apply to new answers. Intro IBM just paid an annual dividend of $4.4 per share. The dividend

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Problem 9 A late penalty of 10% will apply to new answers. Intro IBM just paid an annual dividend of $4.4 per share. The dividend is expected to grow by 4% per year. The required rate of return is 12% IB Attempt 1/10 for 9 pts. Part 1 What is the best estimate of the stock's value? 0+ decimals Submit IB Attempt 1/10 for 9 pts. Part 2 What is the best estimate of the stock's value in 5 years? 0+ decimals Submit

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