Sanders, Inc., paid a 5 dividend per share last year and is expected to continue to pay out 60% of its ownings as dividends for the foreseeable future. If the fum is expected to generate a 14 return on erity in the future, and if you require a 16% return on the stock, the value of the stock is Manole Coice O $40 52803 $30:46 $4279