A) Company Z just paid its annual dividend of $1.35 a share. The firm recently announced that all future dividends will be increased by 6.25 percent annually. What is one share of this stock worth to you if you require a 9.25 percent rate of return?

B) Company B pays a constant annual dividend of $1.85 a share and currently sells for $32.75 a share. What is the required rate of return?

C) Company X pays the same dividend every year, $2.50 per share. How much are you willing to pay for one share if you require a 12 percent rate of return?