Sample Test Problem 9.04 Cullumber Corporation will pay dividends of $2.60, $2.85, and $3.50 in the next three years. After three years, the dividends are expected to grow at a constant rate of 3 percent per year. If the required rate of return is 13.0 percent, what is the current value of the Cullumber common stock? (Round answer to 2 decimal places, e.g. 52.75.) Current value of the common stock Click if you would like to Show Work for this question: Open Show Work