1. KKL Enterprises paid a dividend of $1.50 in the last year, and you expect the dividend to remain constant. How much would you pay for the stock, if your required rate of return were 11% 2. GBS Enterprises has just paid a dividend of $2.00, and you expect the dividend to increase at 3% forever. How much would you pay for the stock, if your required rate of return were 9% 3. Your broker offers to purchase shares of Wingler & Co. common stock, which paid a dividend of $0.50 yesterday. You expect Wingler to pay the same dividend in perpetuity. Analysts estimate the opportunity cost of capital is 12%; what is the most you would be willing to pay for each share of stock? 4. Alpine Ski Resort has grown at a constant rate, estimated at 4%, for as long as it has been in business. This growth rate is expected to continue long into the future. Alpine is also expected to pay common stockholders a dividend equal to $3.00 per share. The required rate of return for similar stock is 10%. Is $20.00/share overvaluing the value of the stock