7)Frisco Inc. (stock price $62 is expected to pay a dividend of $3.9. What is Frisco's expected dividend yield?

8) Calculate the price of Chico Companys stock today, if after one year if will have a dividend of $1.46 and then grow at a rate of 10% to a second dividend at t = 2. Thereafter, the growth in dividends slows to 4% per year. Investors think that an appropriate discount rate to use for cash flows for this firm is 8%.