1. Dividend paid last year was 5 PLN per share. Expected increase of dividend for current year is 10% and current price is 75 PLN. Calculate expected dividend yield and capital yield if expected return rate is 8%. Results: DY = 7.3% / CY = 0.7%

2. Last year company paid dividend in amount of 12 PLN. Calculate value of share if expected dividend will increase with a rate of 8% pa. for the next 3 years and then with a rate of 5%. Expected rate of return is 12% during total lifetime of shares. Result: 194.88 PLN

3. In next 2 years company will pay 5 PLN dividend, then for 3 years dividend will increase with a rate 10% yearly, then for 2 years decrease with a rate 4% yearly. Expected rate of return will be as follows: 12% for the next 4 years, then 10% for 2 years and then 16%.Calculate current value of companys share if expected value in 7 years is 600 PLNper share. Result: 23.01 PLN