1.)

FIN3100 is expected to pay a dividend of $3.00 per share one year from today. FIN3100 required rate of return is r_s = 7%. If the expected growth rate is 5%, at what price should the stock sell?

B.)FIN3100 just paid a dividend of $6.00, i.e., D₀ = $6.00. The dividend is expected to grow by 100% during Year 1, by 50% during Year 2, and then at a constant rate of 7% thereafter. If Silva's required rate of return is r_s = 12%, what is the value of the stock today?

C.) FIN3100 doesn't pay any dividends and it has no plans to pay dividends in the near future. The pension fund manager has estimated FIN3100's free cash flows for the next 3 years as follows: $2.2 million, $2.7 million, and $4.9 million. After the third year, free cash flow is projected to grow at a constant 6%. Calvert's WACC is 10%, the market value of its debt and preferred stock totals $11 million, and it has 2 million shares of common stock outstanding. What is an estimate of FIN3100's price per share?