A company is expected to pay dividends of $0.50 per share next year. If the interest rate is 7% what is the price of this stock?

A corporation has pledged to pay dividends each year of $5 per share forever. If interest rates are 6%, what is the price of this stock?

A corporation intends to pay dividends next year of $5 per share, and will increase dividends by 5% each year after that. If interest rates are 6%, what is the price of the stock?