4. What is the maximum price that you would be willing to pay for a no-growth stock that has the following characteristics: (a) Dividend (Has Paid): $2.25 and (b) Required Rate of Return: 10.00%.

5. What is the maximum price that you would be willing to pay for a constant growth stock that has the following characteristics: (a) Dividend (Has Paid): $3.25, (b) Growth: 5.10%, and (c) Required Rate of Return: 12.2%.

6. What is the maximum price that you would be willing to pay for a non-constant growth stock that has the following characteristics: (a) Non-Constant Growth Rate: 20%, (b) Constant Growth Rate: 5.5%, (c) Dividend: $2.36, and (d) Required Rate of Return: 12%.