QUESTION 17 Farmco just paid its annual dividend of $.32 per share. The dividends are expected to grow at 25 percent annually for the next 4 years and then level off to an annual growth rate of 3 percent indefinitely. What is the price of this stock today given a required return of 15 percent? O $7.54 O $6.03 O $5.42 O $7.32 QUESTION 18 Kitchen Inc paid an annual dividend of $2.50 a share last month. Today, the company announced that future dividends will be increasing by 2.5 percent annually. If you require a return of 7 percent, what should be the price of the stock? O 56.94 O 55.56 O 60.00 O 35.70