12.) ValentiRocks Inc. just paid $8 per-share dividend yesterday. Analysts expect this rm to pay dividends annually, and all future dividends would grow at a constant 4% rate per year forever. The appropriate discount rate is 11%. What is this rm's fair price per-share today? 13.) Your friend invites you to invest in her 'venture'. She estimates that you would receive $10,000 dividend in two years (T2) and $12,000 dividend in three years (T3), and suggests that you might be able to sell your stake to a venture capitalist for $100,000 in four years (T4). You also believe that similar-risk assets should yield 15% AER. What would be this investment worth today? 14.) You have just purchased a ring for $6000 from a jewelry store, and agreed to pay $1000 down immediately and make additional 18 payments of $333.50 per month. What is this loan's interest rate? (a) state the rate as APR12 (Annual Percentage Rate expressed with monthly compounding frequency); (b) and state the rate as AER (Annual Effective Rate, AER, EAR, APRl)