1. The Moreless Corporation has just paid a dividend of $3 per share. The dividend will grow at a steady pace of 8 percent per year. What will the dividend be in five years (D5)?

2. The next dividend for GGC will be $4 per share. Dividends are expected to grow at 6 percent every year. If you require a return of 16 percent, what would you pay for this stock? What would you be willing to pay four years from now?

3. The PPC Company has a policy of paying a $10 per share dividend every year. If this policy is to be continued indefinitely, what is the value of a share of stock if your required return is 20 percent?

4. Stock is JRJ sells for $20 per share and features cumulative voting. There are 10,000 shares outstanding. If three directors are up for election, how much does it cost to ensure yourself a seat on the board?

5. You are looking at a stock that you can sell for $70 in one year (existing offer in place). During the year, you will receive a dividend of $10 per share. You require a 25% rate of return. What are you willing to pay for the share?