1. Golden Investment Company paid $2.00 per share in common stock dividends last year. The company's policy is to allow its dividend to grow at 5 percent for 4 years and then the rate of growth changes to 3 percent per year from year five and on (20 points) a. What is the value of the stock if the required rate of return is 8 percent? b. If the shares of the company are already traded in London Stock Exchange with a price of $38, what would be your suggestion or strategy as a fund manager in Golden Investment Company? As an individual investor