1. Here and After Corporation plans a new issue of preferred stock. Similar risk stock currently offers an annual return to investors of 24.0%. The company wants the stock to sell for $713.00 per share. What annual dividend must the company offer?

	$189.94
	$2,970.83
	$171.12
	$246.76
	$2,742.08

2. Growing, Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a dividend of $3.80. You believe that dividends will grow at a rate of 12.0% per year for three years, and then at a rate of 6.0% per year thereafter. You expect that the stock will sell for $63.16 in three years. You expect an annual rate of return of 18.0% on this investment. If you plan to hold the stock indefinitely, what is the most you would pay for the stock now?

	$42.20
	$34.60
	$48.72
	$29.22
	$38.98

3.You are considering buying common stock in Grow On, Inc. You have projected that the next dividend the company will pay will equal $5.60 and that dividends will grow at a rate of 9.0% per year thereafter. If you would want an annual return of 20.0% to invest in this stock, what is the most you should pay for the stock now?

	$28.00
	$55.49
	$50.91
	$30.52
	$55.62