Mini-project  Pick a stock and find the following information on the stock: Current dividend, current selling price. Find information on how the dividend has changed over time. If you cannot find at least 5 years’ worth of dividend data, choose a new stock. See https://www.streetinsider.com/dividend_history.php?q=msft or https://www.nasdaq.com/market-activity/stocks/msft/dividend-history for an example of a dividend history. (Note, we will not allow an analysis of MSFT, AAPL, INTC, ORCL, or IBM for this mini-project.) Your tasks: 1. Estimate the dividend growth rate. 2. Using your information on price, current dividend, and estimated growth rate, estimate the effective annual interest rate, using the growing perpetuity formula. (Many firms pay out dividends multiple times per year. Make sure to take this into account of your calculation.) 3. Repeat estimating the effective annual interest rate using the value of the stock on August 16, 2020. 4. State the sources you accessed the information you found. Also state the date(s) that you accessed the information. 5. State which discount rate you believe to be more accurate, and why. (Hint: Reading about financial news from the last 2-3 months may help you to formulate your argument.) The answers to parts 2-4 should be very brief in your answers. Most of the analysis should address #1 and #5. A typical submission should have about 200 words, but up to 300 words is acceptable. If you contact other students in this class about this mini-project, each of you needs to pick different stocks. Although students can work on general ideas together, each student must do the mini-project independently of others. Answers that look too similar will all receive a 0, and may be reported to the university as potential cheating. Potential cheating cases may also lead to a reduced course grade and/or be referred to the university for further action.