1. If a preferred stock pays a $1.55 in dividend each year, what is the value of this stock assuming a required rate of 6%?

2. Energy Inc. is expected to pay a dividend of $3.20 per share next year and the dividend growth rate is expected to be 2%. How much is one Energy stock worth if the required rate is 10%?

3. The holder-of-record is Monday, November 7, 2022 for Goggle stock, which is paying a dividend of $0.50 per share on December 2, 2022. The ex-dividend date will be__________

4. Tickle Inc. pays no dividends now. An analyst expects the firm to pay the following dividends beginning in 2023:

Year 2023 2024 2025 2026

Dividends $5 $10 $15 $22

After 2026 dividends will grow 5 percent annually forever. If investors expect a 15 percent annual return, can you find the value of one Tickle common share?