Stock Valuation. Investors require a rate of return of 12 percent. At what price will the stock sell if the next expected dividend D1 is $1 per share and investors expect the dividends and earnings to...

Stock Valuation. Investors require a rate of return of 12 percent. At what price will the stock sell if the next expected dividend D1 is $1 per share and investors expect the dividends and earnings to grow (a) at 8 percent; (b) at 10 percent; (c) at 12 percent; and (d ) at 14 percent?