The Klem Company's last dividend was $1. The dividend growth rate is expected to be constant at 2.5% per year for 2 years, after which dividends are expected to grow at a rate of 6% forever Klein's required return is 10% What is Klein's current stock price? $29.28 $26.62 $30.28 $25.43 $27.83 Question 3 (7 points) A portfolio of nondividend-paying stocks earned a geometric mean return of 6% between Jan 1 2008 and Dec 31 2015. The arithmetic mean return for the same period was 7%. If the market value of the portfolio at the beginning of 2008 was $100,000, what was the market value of the portfolio at the end of 2015? $150,363.03 $159,384.81 $160,578.15 $171,818.62