1.) Burnett Corp. pays a constant $22 dividend on its stock. The company will maintain this dividend for the next 11 years and will then cease paying dividends forever. If the required return on this stock is 16 percent, what is the current share price?

A. $242.00

B. $108.42

C. $128.33

D. $110.63

E. $116.16

2.) Lohn Corporation is expected to pay the following dividends over the next four years: $9, $7, $5, and $1. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividends forever. If the required return on the stock is 14 percent, what is the current share price?

A. $25.85

B. $25.00

C. $25.09

E. $34.13

F. $23.84

3.) Mannix Corporation stock currently sells for $115 per share. The market requires a return of 8 percent on the firm's stock. If the company maintains a constant 6 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?

A, $4.26

B. $2.17

C. $2.08

D. $16.16

E. $2.30