a. The market price of a stock is $23.77 and it just paid a dividend of $1.76. The required rate of return is 11.07%. What is the expected growth rate of the dividend?

b. A stock just paid a dividend of $2.33. The dividend is expected to grow at 21.10% for three years and then grow at 3.15% thereafter. The required return on the stock is 11.59%. What is the value of the stock?

c. A stock just paid a dividend of $1.69. The dividend is expected to grow at 22.19% for five years and then grow at 3.72% thereafter. The required return on the stock is 13.80%. What is the value of the stock?