1. Great Plains Energy recently paid a dividend of $1.10 per share and the dividend is expected to grow at a constant rate of 3.60% in the future. Given a required return of 7.214%, what is the value of one share of Great Plains Energy stock?

A. $23.16

B. $43.59

C. $27.27

D. $31.53

2. The current market price of Verizon stock is $47.50 per share. The firm recently paid a dividend of $2.36 and the dividend is expected to grow at a constant rate of 5.0% in the future. What is the expected return on Verizon stock?

A. 9.295% B. 10.217% C. 8.684% D.12.758%

3. Great Plains Energy preferred stock pays an annual dividend of $2.25. What is the value of 1 share of Great Plains preferred stock if the required return is 6.5%?

A. $34.62 B.$38.63 C. $43.17 D. $23.72