Assuming an $8\%$ discount rate, calculate the amount you would be willing to pay TODAY for the share in

each scenario:

$1.)$ SINGLE PERIOD

You expect the following:

$-$ $$\mathrm{.}50$ dividend in one year

$-$ You can sell this share for $$60$ in one year $($after the dividend$)$

$2.)$ MULTIPLE PERIODS

You expect the following:

$-$ $$\mathrm{.}50$ dividend in one year that grows at $5\%$ per year for an additional $2$ years

$-$ You can sell this share for $$63$ in three years $($after the dividend$)$

$3.)$ INDEFINITE PERIODS, ZERO GROWTH

You expect the following:

$-$ $$\mathrm{.}50$ dividend in one year, forever

$-$ You never plan on selling

$4.)$ INDEFINITE PERIODS, GROWING FOREVER

You expect the following:

$-$ $$\mathrm{.}50$ dividend in one year, forever, growing at $2\%$ per year

$-$ You never plan on selling