28) Coors just paid out a dividend of $1.00 on its common stock, which is currently trading at $37.27. Ifdividends are paid annually and are expected to grow in value by 1% per annum forever, then whatreturn will a shareholder earn if the stock is purchased today?A) 2.68%B) 2.71%C) 3.71%D) 5.03%E) 101.00%

29) Natalie is interested in valuing the shares of Union Aerospace (UA). UA pays dividends annually. Sheexpects the stock to pay dividends of $3 at the end of each of the next four years. Thereafter, sheexpects the dividend to grow at 7% per annum in perpetuity. If her required return is 12%, then howmuch should she pay for a share now?A) $43.63B) $45.54C) $47.24D) $49.91E) $73.31