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TABLE 3 Tall Oaks Company is a mature firm that currently pays a small dividend. Tall Oaks just paid an annual dividend of $1.60 per

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TABLE 3 Tall Oaks Company is a mature firm that currently pays a small dividend. Tall Oaks just paid an annual dividend of $1.60 per share. The dividend will grow at a rate of 3% per year The required rate of return on Tall Oaks stock is 10.3% per year. Dividend just paid $1.60 Use the information in TABLE 3 to calculate the values shown below: Year 5 dividend Today's Tall Oaks stock price Required Return on stock 10.30% Constant growth rate 3%

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