Caskey Inc. is experiencing a period of growth. Dividends are expected to grow at a rate of 13.00% for the next two years and 4.00% thereafter. Yesterday the corporation paid a dividend of $1.20. If the required rate of return is 14.00%, what is the intrinsic value of the stock? Submit Answer format: Currency: Round to: 2 decimal places. Spendex Corporation paid a dividend of $1.06 per share today. Dividends are expected to grow at 12.00% per year for the next 3 years, then at 8.00% per year in the following 2 years. After the 5th year, the growth in dividends is expected to remain constant at 6.00%. As an investor, you require a 11.00% rate of return on this equity investment. What is the maximum price you would be willing to pay for a share of Spendex? Submit Answer format: Currency: Round to: 2 decimal places. Ten years ago, Pac Pac Toys began manufacturing and selling retro arcade games for sports bars. Dividends are currently $2.88 per share, having grown at a 15.00 percent compound annual rate over the past 5 years. That growth rate is expected to be maintained for the next 2 years, after which dividends are expected to grow at half that rate for 3 years. Beyond that time, Pac Pac Toys's dividends are expected to grow at 5.00 percent per year. What is the current value of a share of Pac Pac Toys common stock if your required return is 14.00 percent? Submit Answer format: Currency: Round to: 2 decimal places