1. Find three companies, which have paid dividends. You need to make sure that their dividend payment history supports the constant dividend discount model you have learned this week (It is hard to find a company, which increases its dividend yearly with exactly a constant %. Thus, if you find companies roughly following the constant growth model, it is fine. You may choose a company from three different industries or three companies from one industry.

2. Using the constant dividend model formula, R = (D1 / P ) + g, calculate each company's required return

3. Discuss the results.