1. General Products had net income of $3.15/share last year, and it paid $1.88/share in dividends last year. A) What was its Dividend Payout Ratio last year? B) What was its Retention Rate last year? (Your answers should be a % carried to one place.)

2. General Products current stock price is $52.61/share. You expect a dividend of $1.97/share will be paid over the next year and believe net income will increase at a 3.2% annual rate in the future. What is your estimate for General Products Cost of Equity? (Your answer should be a % carried to 1 place.)

3. You believe that RE Corp will pay a dividend of $1.41/share next year. If you estimate REs Cost of Equity is 8.7% and you expect REs net income (and dividends) will grow 5.2%/year in the future, what is your estimate of REs true value per share?