QUESTION 9 A company just paid a dividend of $1.40 per share. You expect the dividend to grow 13% over the next year and 8% two years from now. After two years, you have estimated that the dividend will continue to grow indefinitely at the rate of 5% per year. If the required rate of return is 11% per year, what would be a fair price for this stock today? (Answer to the nearest penny.) 2 points Save