9. A stock is expected to pay a dividend of so.75 at the end of the year. The required rate of 10.5%, and the expected constant growth rate is g 6.4%, what is the stock's current price a. $17.39 b. $17.84 c. $18.29 d $18.75 e. $19.22 10. Ravens Corp. just paid a dividend of Do $0.75 per share, and that dividend is expected to grow at a constant rate of 6.50% per year in the future. The company's beta is 1 25, the expected return on the market is 10.50%, and the risk-free rate is 4.50%. What is the company's urrent stock price? a. $14.52 b. $14.89 c. $15.26 d. $15.64 e $16.03 11. Nachman Industries just paid a dividend of Do - $1.32. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this low-risk stock is 9.00%. What is the best estimate of the stock's current market value? a. $41.59 b. $42.65 c. $43.75 d. $44.87 e. $45.99 12. Church Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expects earnings and dividends to grow at a rate of 25% for the next 4 years, after which competition will probably reduce the growth rate in earnings and dividends to zero, i.e., g = 0, The company's last dividend. D. was S1.25, its beta is 1.20, the market risk premium is 5.50%, and the risk- free rate is 3.00%. What is the current price of the common stock? a. $26.77 b. $27.89 c. $29.05 d. $30.21 e. $31.42 13. i in te opian of a given investor a stook's expected return excesds is required return, this sugges that the investor thinks a. the stock is experiencing supernormal growth. b the stock should be sold. c. the stock is a good buy. d. management is probably not trying to maximize the price per share e. dividends are not likely to be declared