Suppose a firm is expected to increase dividends by 10% in one year and by 15% in two years. After that, dividends will increase at a rate of6% per year indefinitely. Ifthe current dividend is $1.05 and the required return is 7.5%, what is the price of the stock? (20 points) 9. 1.05 101 1.1550 1.358l 1 ,20215