Question 10 Next year Jenkins Traders will pay a dividend of $3.65. It expects to increase its dividend by $0.25 yearly, in each of the following three years. If their required rate of retum is 14 percent, what is the present value of their dividends over the need to years? (Do not round intermediate calculations. Round final answer to two decimal places) $13.49 59.74 $1252 $11.61 The company has forecasted a growth rate of 8 percent for the is the current price of this stock? (Round to the new