1A) Estimate the annual required rate of return for BTO stock, using the Dividend Growth Model. BTO just paid an annual dividend of $11.99 per share, and the concensus analyst estimate is that the dividend will grow at 7.3% each year. The current market value of BTO stock is $117.92 per share. Answer as a % to 2 decimal places (e.g., 12.34% as 12.34).

1B) Use the Dividend Growth Model to compute the expected price of a stock today. Each share just paid a dividend of $8.57. Investors' annual required rate of return is 21.3%, and the expected growth rate of the dividend is 2.8% per annum. Answer to the nearest penny.

1C) Use the Dividend Growth Model to determine the expected annual growth rate of the dividend for ELO stock. The firm is expected to pay an annual divided of $11.28 per share in one year. ELO shares are currently trading for $222.05 on the NYSE, and the expected annual rate of return for ELO shares is 11.94%. Answer as a % to 2 decimal places (e.g., 12.34% as 12.34).