1 Weston Corporation just paid a dividend of $2.5 a share (i.e., D0= $2.5). The dividend is expected to grow 9% a year for the next 3 years and then at 4% a year thereafter. What is the expected dividend per share for each of the next 5 years? Do not round intermediate calculations. Round your answers to the nearest cent.

2 Earley Corporation issued perpetual preferred stock with a 12% annual dividend. The stock currently yields 8%, and its par value is $100. Round your answers to the nearest cent.

1. What is the stock's value?
2. Suppose interest rates rise and pull the preferred stock's yield up to 13%. What is its new market value?

3 Maxwell Mining Company's ore reserves are being depleted, so its sales are falling. Also, because its pit is getting deeper each year, its costs are rising. As a result, the company's earnings and dividends are declining at the constant rate of 3% per year. If D0= $4 and rs= 18%, what is the value of Maxwell Mining's stock? Round your answer to the nearest cent.