A) Antiques R Us just paid a dividend of $2.00 and dividends are projected to grow at 10% indefinitely. The appropriate discount rate for this stock is 12%. What is an estimate for the share price of Antiques R Us today?

B) Now assume that Antiques R Us just paid a dividend of $2.00 which will grow at 20% for the first year, 10% for the second year and remain 7% thereafter. If the discount rate is 12%, what is the new estimate for Antiques R Us stock price today?

C) Antiques R Us also issued preferred stock with a $70 par value and a 10% annual dividend. The appropriate discount rate for its preferred stock is 11%. What is an estimate for the share price of Antiques R Us preferred stock today?