Question 30 (6 points) (6 marks) The current price of the share of Smart.con305 Inc. is $25 and the upcoming dividend is 53.50. One year ago the price of Smartlicon305 was $23.585. Assume a constant growth rate in dividends and share price (ie.. dividend and stock price growth rates are the same). Answer part (a). (2 marks) What is the stock's required rate of return for the coming year? (Hint: calculate the growth rate of price stock first A company pays a current dividend of $1.70 per share on its common stock this year. The annual divided will increase by 49, 59 and 6 respectively, over the next three years, and then by 8% per year thereafter. The required rate of return on this stock by the market is 13%. (Answer parts bande) b. mars) What is the current price of the stock? (Hint: calculate the dividends paid up to year 4) cf1 mark) What is the capital gain or loss of this stock over the upcoming year