QUESTION 11 Stock just paid $.70 dividend, which is expected to grow at 8% forever. If the required return on equity is 12%, what is the price of the stock? 17.590 18.90 94.50 QUESTION 12 A stock just paid a $0.35 dividend, which is expected to grow at 60% for the next two years, and then stabilize as the market reacts to the new products with constant growth at 7%. If the required rate of return is 12%, the price of the stock is... 0.9587 19.17 16.50