1. The current stock price of Largent, Inc., is $40.00. If the required rate of return is 15 percent, what is the dividend paid by this firm if the dividend is not expected to grow in the future? (Round answer to 2 decimal places, e.g. 15.20.)

2.Moriband Corp. paid a dividend of $2.00 yesterday. The companys dividend is expected to grow at a steady rate of 5 percent for the foreseeable future. If investors in stocks of companies like Moriband require a rate of return of 14.0 percent, what should be the market price of Moriband stock? (Round dividend to 3 decimal places, e.g. 3.756 and round final answer to 2 decimal places, e.g. 15.20.)

3.Proxicam, Inc., is expected to grow at a constant rate of 6.25 percent. If the companys next dividend, which will be paid in a year, is $1.01 and its current stock price is $22.35, what is the required rate of return on this stock? (Round intermediate calculations to 4 decimal places, e.g. 1.5325 and final answer to 2 decimal places, e.g. 17.50%.)

4.The First Bank of Ellicott City has issued perpetual preferred stock with a $100 par value. The bank pays a quarterly dividend of $1.65 on this stock. What is the current price of this preferred stock given a required rate of return of 12.50 percent? (Round answer to 2 decimal places, e.g. 15.25.)