A stock is expected to pay a dividend of $0.75 at the end of the year. The required rate of return is rs = 10.5%, and the expected constant growth rate is g = 10%. What is the stock's current price?

Select the correct answer.

a. $150.67

b. $152.01

c. $149.33

d. $151.34

e. $150.00

A stock just paid a dividend of D0 = $1.50. The required rate of return is rs = 14.5%, and the constant growth rate is g = 4.0%. What is the current stock price?

Select the correct answer.

a. $11.23

b. $12.44

c. $16.07

d. $14.86

e. $13.65

Orwell building supplies' last dividend was $1.75. Its dividend growth rate is expected to be constant at 31.00% for 2 years, after which dividends are expected to grow at a rate of 6% forever. Its required return (rs) is 12%. What is the best estimate of the current stock price?

Select the correct answer.

a. $45.43

b. $46.73

c. $44.78

d. $44.13

e. $46.08

Carby Hardware has an outstanding issue of perpetual preferred stock with an annual dividend of $7.10 per share. If the required return on this preferred stock is 6.5%, at what price should the preferred stock sell?

Select the correct answer.

a. $106.91

b. $108.65

c. $108.07

d. $107.49

e. $109.23