1. A stock just paid a dividend of $1.56, has a required rate of return of 13%, and a constant dividend growth rate of 5%. What price should this stock be selling for?

2.

Cow Company will pay a $3.00 dividend next year, Dividends are expected to grow at a constant rate of 5% per year. If the required return for this stock is 12%, how much should the stock sell for today?

3.

A typical loan arrangement requires the same monthly payment at the end of each month for a certain period. This type of cash flow stream is called ____