QUESTION 33 QUESTION 5 (answer both parts a and b: a ACE.com corporation has just paid a dividend of $3.00 per share on its common stock. The dividend is expected to grow at a constant rate of 5% per year. The required return on similar stocks is 15% Find the current price of the stock? (4 points) AND b. Suppose you plan to take a vacation to Europe when you finish graduate school in 6 years. You currently have a savings account at Bank of America which pays 6 percent interest per year compounded semiannually How much money do you need to set aside today to have $8,000 when you leave for Europe? (4points)