Question 9 2.5 pts Suppose that a company paid $ 3 per share dividend last year, its dividend is expected to grow at 9 percent for the next 10 years and 2 percent thereafter. If its cost of equity is 9 percent, what is the intrinsic value of this stock using non-constant growth dividend discount model? 66.33 81.08 62.65 70.02 73.71 D Question 10 2.5 pts Tesla Inc (TSLA) has been growing at a rate of 35% per year in recent years. This same supernormal growth rate is expected to last for another 4 years, during which it will not pay dividend. It will start paying a dividend of $5 a share in 5th year. After this, earnings and dividends are expected to grow at a 4 percent annual rate indefinitely. Investors currently require a rate of return of 11 percent. What should be the current market price per share of its stock? 51.75 39.99 42.34 47.05 44.69