1. Company MKG just paid a dividend of $2.5 and has an expected growth rate of 4%. What is the expected share price if the required rate of return is 8%, 11%, and 14%? Describe the relationship between price and required rate of return. 2. A stock has a dividend yield of 4.5% and annual growth rate of 2%. What is the required rate of return on the stock? 3. GrifCo. Is a fast growing technology company. It is not expected to pay any dividends for the next ten years. When it pays its first dividend at the end of year 10, it expects to pay a dividend of $.65 that will grow at a rate of 5% forever. You believe that the appropriate discount rate is 9%. What are you willing to pay for this stock today? 4. A stock trades at $60 and has an annual growth rate of 4%. It just paid a dividend of $1.25. What is the implied discount rate for this stock? 5. A stock has a price of $1000. It will not pay dividends for 5 years, and then it will pay a dividend that will grow at 3% a year after that. If the discount rate on the stock is 9%, what is the dividend the stock will pay in year 5? 6. A preferred stock will pay a dividend of $6.5 forever. If the required rate of return is 5.75%, what is the price of the preferred stock