Answer the following questions: In dollars and cents, what is the fair value of a stock that has just paid a dividend of $12.54, which is expected to grow indefinitely at 1.88%pa, and that has a cost of capital of 12.36%? (1 mark)

If the historical dividend yield of a stock is 4.57% and the stocks cost of capital is 10.58%, what is its expected growth rate in percentage terms to 2 decimal places? (1 mark)

In dollars and cents, what is the maximum you would pay per share for a company that generated profits of $6.98 per share on its 4387.5million shares from which it paid a dividend of $4.66 per share and has equity capital of $378bn if its cost of capital is 15.55%? (1 mark)

In dollars and cents, what is the maximum you would pay per share for a company that generated profits of $12.774 per share, has 765million shares on issue, had just paid a dividend of $9.695 per share, which according to its accounts has equity capital of $134.5bn, has a standard deviation of 44.63%, where the standard deviation of the market is 18.94%, where the return of the market is 14.65%, where the stocks correlation with the market is 0.84, and the risk-free rate of return is 5.25%? (2 marks)