Question 42 a. Von Corp. is experiencing rapid growth. Dividends are expected to grow at 30% per year during the next three years, 18 % over the following year, and then 8% per year indefinitely. The last dividend paid by the company was GH20. The required return on this stock is 13%. What is current price of the stock? b. Moon Co just paid a dividend of GH190 per share on its stocks. The dividends are expected to grow at a constant rate of 5% per year, indefinitely. If investors require a 12% return on the stock, what is the current price? c. Bank of Africa just issued some new preferred stock. The issue will pay a GH7 annual dividend in perpetuity. If the market required a 6% return on this investment, how much does a share of preferred stock cost today