1) A stock will pay dividends of $3, $5, and $7 over the next three years, and then increase dividends at a rate of 1% afterwards. Its required rate of return is 17%. What is the value of the stock? Round to the penny.

2) A stock will pay a dividend of $6 at the end of the year. It sells today for $101 and its dividends are expected grow at a rate of 5%. What is the implied rate of return on this stock? Enter in percent and round to two decimal places.

3) A company pays out 26% of its earnings in dividends. Its return on equity is 15%. What is its growth rate? Enter in percent and round to two decimal places.