5. Company C will pay an annual dividend of $1.46 a share next year with future dividends increasing by 4.2 percent annually. What is the required rate of return on the stock if the stock is currently selling for $42.10 a share?

6. Company D is growing quickly. Dividends are expected to grow at a 19 percent rate for the next 3 years, with the growth rate falling off to a constant 8 percent thereafter. The required return is 12 percent and the company just paid a $3.80 annual dividend. What is the current share price?

7. Company E just paid a dividend of $1.56 per share on its stock. The dividends are expected to grow at a constant rate of 6 percent per year, indefinitely. What will the price of this stock be in 7 years if investors require a 15 percent rate of return?