1.Techworld is expecting to pay out a dividend of $5.85 next year (year 1). After that it expects its dividend to grow at 4 percent per annum for the next five years (for years 2 to 6). What is the dividend that is expected to be paid in year 5? (to nearest cent; don't include $ sign)

2.A fast growth share has the first dividend (t=1) of $2.46. Dividends are then expected to grow at a rate of 5 percent p.a. for a further 2 years. It then will settle to a constant-growth rate of 1.9 percent. . If the required rate of return is 18 percent, what is the current price of the share?(to the nearest cent)

3.After paying a dividend of $1.90 last year, a company does not expect to pay a dividend for the next year. After that it plans to pay a dividend of 4.08 in year 2 and then increase the dividend at a rate of 4 percent per annum in years 3 to 6. What is the expected dividend to be paid in year 3? (to nearest cent; don't include $ sign)