You are a financial analyst for a major investment bank. You are tasked with analyzing Stock A. Stock A just paid a dividend of $1.78 per share on its stock. The dividend on Stock A is expected to grow at 2% per year indefinitely.Based on this information, what will the dividend on Stock A be in 5 years?If investors require a return of 7%, what is the current price of Stock A?What will the price be in 10 yrs?
