8.Hackworth Company's common stock is expected to pay a $7.40 dividend in the coming year. If investors require a 19% return and the growth rate in dividends is expected to be 7%, what should the market price of the stock be? Round to two decimal places.

9. Nell Corporation stock is currently selling for $18.50. The stock is expected to pay a dividend of $1.75 at the end of the year. Dividends are expected to grow at a constant rate of 4% indefinitely. Compute the expected rate of return on Nell Corporation stock. Submit your answer as a percentage and round to two decimal places.

10. Finkle-McGraw Corp. just paid a dividend today of $3.80 per share. The dividend is expected to grow at a constant rate of 5% per year. If Finkle-McGraw Corp. stock is selling for $56.00 per share, what is the stockholders' expected rate of return? Submit your answer as a percentage and round to two decimal places