1a. A firm just paid a dividend of $3.98. The dividend is expected to grow at a constant rate of 3.85% forever and the required rate of return is 11.61%. What is the value of the stock?

Answer format: Currency: Round to: 2 decimal places.

1b. The market price of a stock is $44.70 and it is expected to pay a $3.72 dividend next year. The dividend is expected to grow at 2.90% forever. What is the required rate of return for the stock?

Answer format: Percentage Round to: 0 decimal places (Example: 9%, % sign required. Will accept decimal format rounded to 2 decimal places (ex: 0.09))

1c. The market price of a stock is $58.36 and it just paid $4.86 dividend. The dividend is expected to grow at 2.74% forever. What is the required rate of return for the stock?

Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))