A stock just paid a dividend of $D_0$

$=$$$1\mathrm{.}50.$ The required rate of

return is $r_s=10\mathrm{.}1\%,$ and the

constant growth rate is $g=3\mathrm{.}6\%.$

What is the current stock price?

a$.$ $$23\mathrm{.}11$

b$.$ $$23\mathrm{.}52$

c$.$ $$23\mathrm{.}91$

d$.$ $$24\mathrm{.}93$

e$.$ $$25\mathrm{.}99$

Mooradian Corporation's free cash

flow during the just$-$ended year $(t$

$=0)$ was $$150$ million, and its FCF

is expected to grow at a constant

rate of $4\mathrm{.}8\%$ in the future. If the

weighted average cost of capital is

$12\mathrm{.}5\%,$ what is the firm's value of

operations, in millions?

a$.$ $$1,959$

b$.$ $$1,995$

c$.$ $$2,042$

d$.$ $$2,205$

e$.$ $$2,315$

Molen Inc. has an outstanding

issue of perpetual preferred stock

with an annual dividend of $$7\mathrm{.}30$

per share. If the required return

on this preferred stock is $7\mathrm{.}5\%,$ at

what price should the stock sell?

a$.$ $$94\mathrm{.}27$

b$.$ $$96\mathrm{.}95$

c$.$ $$100\mathrm{.}00$

d$.$ $$102\mathrm{.}74$

e$.$ $$115\mathrm{.}38$