1. Suppose that the price a stock is bought for is $130. Based on the one-period valuation model of stock prices, if the stock is sold a year later at the price $138 and the required rate of return on the equity investments is 13%, then the dividend paid out for the stock is $? (Round your response to the nearest penny.)

2. After careful analysis, you have determined that a firm's dividends should grow at 2%, on average, in the foreseeable future. The firm's last dividend was $2.00. Compute the current price of this stock, assuming the required return is 5%. The current stock price is $? (Round your response to the nearest penny.)

3. Given that the price a stock is bought for is $95. Based on the one-period valuation model of stock prices, if the stock is sold a year later at the price $125 after receiving a dividend of $2, then the required rate of return on equity investments is ?% (Round your response to the nearest one decimal place.)