2. Suppose Nippan Inc., just paid a dividend of $1 per share on its stock. It is expected that the dividends will grow at a constant rate of 3 percent per year indefinitely. If investors require a 10 percent return on Nippan stock,

   1. (3 marks) What is the current price today?

   2. (2 marks) What will the price be in four years?

Please show the step!!!!!