7. Use the Dividend Discount Model to determine the expected annual growth rate of the dividend for ELO stock. The firm is expected to pay an annual divided of $8.90 per share in one year. ELO shares are currently trading for $144.48 on the NYSE, and the expected annual rate of return for ELO shares is 12.86%. Answer as a % to 2 decimal places (e.g., 12.34% as 12.34).

8. One year ago, Bill bought 300 shares of Conglomerated Inc. Now, one year later, the stock has a market price of $33.38 per share, compared to Bill's purchase price of $36.68 a share. During the year, Bill collected dividends of $1.06 per share. Compute Bill's realized rate of return for the year? Answer as a percentage, 2 decimal places (e.g., 12.34% as 12.34).

9. CCR stock is currently trading for $39.95 per share. The firm is expected to pay a dividend of $2.94 per share in one year and to increase the dividend at 4.7% each year thereafter. Based on the Dividend Discount Model, what the the annual required rate of return for CCR stock? Answer as a % to 2 decimal places (e.g., 12.34% as 12.34).

10. JFG stock is expected to pay a dividend of $5.59 a share in one year. Thereafter, the expected annual growth rate of the dividend is 5.4%. Based on the Dividend Discount model, what is the most that you would be willing to pay for a share of JFG stock today if your required rate of return is 19.9% per annum? Answer to the nearest penny.