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1. ABC, Inc. just paid dividend of $9.82. The dividends are expected to grow at 7.97% each year forever. The required rate of return on

1. ABC, Inc. just paid dividend of $9.82. The dividends are expected to grow at 7.97% each year forever. The required rate of return on the stock is 15.20%. What is today's price of the stock?

2. XYZ, Inc. is expected to pay a dividend of $2.71. The dividends are expected to grow at 5.51% each year forever. The required rate of return on the stock is 12.31%. What is today's price of the stock?

3. ABC, Inc. is expected to pay a dividend of $3.22 next year. The dividends are expected to grow at 8.38% each year forever. The required rate of return on the stock is 15.42%. What is today's price of the stock?

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