34. If the beta of Braxton, Inc. stock is 0.85, the risk-free rate (Rf) is 2.5%, and the market risk premium is 8.4%, what is the equilibrium expected rate of return on Braxtons stock according to the Capital Asset Pricing Model?

35. Compute the price of a companys stock that just paid a dividend of $5.25 (that is, D0 = 5.25), assuming that the growth rate in dividends is expected to be 6.5% per year forever and that the required rate of return on this stock is 15.5%.

36. If shares of common stock of the Samson Co. offer an expected total return of 13% and if the growth rate in future dividends of the stock are expected to be 3% per year forever, what is the stocks dividend yield (i.e., D1/P0)?