SK Company stockholders expect to receive a year-end dividend of $8 per share and then be sold for $115 dollars per share. If the required rate of return for the stock is 15%, what is the current value of the stock? $106.96 $122.16 $113.32 $110.45 Hardy Co. is expected to pay a dividend of $4 per share at the end of year -1(D1) and the dividends are expected to grow at a constant rate of 3% forever. If the current price of the stock is $22 per share calculate the expected return or the cost of equity capital for the firm. 21.18% 14.56% O O 10.55% 17.64%