$1.$ Gilmore Inc. just paid a dividend of $$2\mathrm{.}35$ per share on its stock. The dividends are expected to grow at a constant rate of $4\mathrm{.}1\%$ per year, indefinitely. If investors require a return a $10\mathrm{.}4\%$ on this stock, what is the current price?

$2.$ Mitchell Inc. has a constant $4\mathrm{.}6\%$ percent growth rate in its dividends. If the company has a dividend yield of $5\mathrm{.}8\%,$ what is the required return on the company's stock.

$3.$ Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $$3\mathrm{.}45$ dividend every year, in perpetuity? If this issue currently sells for $$77\mathrm{.}32$ per share, what is the required return?

$4.$ The Sleeping Flower Co$.$ has earning of $$2\mathrm{.}65$ per share. The benchmark PE for the company is $18.$ What stock price would you consider appropriate? What if the benchmark PE were $21?$