- A firm announces they will pay a $5 per share dividend next year and the dividends are expected to grow at 3.25% per year, forever. If investors require a rate of return of 15.25%, then what is the stock's expected price per share in 10 years? Round to the nearest $0.01.

- A firm just paid a $3.55 per share dividend. If dividends will increase 4% annually, forever, and investors require a 14.75% rate of return, then what is the price of the stock in 4 years? Round to the nearest $0.01.

- A firm announces it will pay a flat $5 per share dividend, forever. If investors require a rate of return of 12.50%, then what is the fair value of the stock price per share today? Round to the nearest $0.01.