1) DPS Calculation: Warr Corporation just paid a dividend of $1.50 a share (that is, D₀ = $1.50). The dividend is expected to grow 7% a year for the next 3 years and then at 5% a year thereafter. What is the expected dividend per share for each of the next 5 years?

2) Constant Growth Valuation: Thomas Brothers is expected to pay a $0.50 per share dividend at the end of the year (that is, D₁ = $0.50). The dividend is expected to grow at a constant rate of 7% a year. The required rate of return on the stock, r_s, is 15%. What is the stock's current value per share?

3) Corporate Valuation: Smith Technologies is expected to generate $150 million in free cash flow next year, and FCF is expected to grow at a constant rate of 5% per year indefinitely. Smith has no debt or preferred stock, and its WACC is 10%. If Smith has 50 million shares of stock outstanding, what is the stock's value per share?

4) Preferred Stock Valuation: Fee Founders has perpetual preferred stock outstanding that sells for $60 a share and pays a dividend of $5 at the end of each year. What is the required rate of return?