1. Disneys most recent dividend was $1.56, which is expected to grow 10%. If its required rate of return on equity is 11.5%, what is your estimate of its stock price?

2. Disneys most recent dividend was $1.56, which is expected to grow 9%. If its required rate of return on equity is 11.5%, what is your estimate of its stock price? (NOTE: This is the same as the prior problem, but with a slight decrease in growth expectations).

3. Disneys most recent dividend was $1.56, which is expected to grow 9%. If its required rate of return on equity is 12%, what is your estimate of its stock price? (NOTE: This is the same as the prior problem, but with a slight increase in required return).