1. T Rowe Price Group Inc has a common stock that will pay a dividend of $12 per share in one year. If the required return is 0.27 and the growth rate of firm is 0.01, find the common stock price today. (Round to the nearest dollar.)

a. $47

b. $57

c. $79

d. $69

e. $8

2. CME Group Inc has a preferred stock paying a dividend of $8 and has a return of 0.13. Calculate the preferred stock price. (Round to the nearest dollar.)

a. $62

b. $9

c. $79

d. $29

e. $45

3. Monster Beverage Corp has a common stock that will pay a dividend of $5 per share next year. If the required return is 0.22 and the growth rate of firm is 0.03, find the common stock price today. (Round to the nearest dollar.)

a.$38.3

b. $15.3

c. $56.0

d. $17.7

e. $26.3

4. Newfield Exploration Co has a common stock that just paid a dividend of $15 per share. If the required return is 0.21 and the growth rate of firm is 0.03, find the common stock price today. (Round to the nearest dollar.)

a. None of these answers

b. $26.1

c. $60.6

d. $10.0

e. $85.8