ch8 Assignment 1. The Farmer's Market just paid an annual dividend of $5 on its stock. The growth rate in dividends is expected to be a constant 5 percent per year indefinitely. Investors require a 13 percent return on the stock for the first 3 years, a 9 percent return for the next 3 years, a 7 percent return thereafter. What is the current price per share? 2. Jen's Fashions is growing quickly. Dividends are expected to grow at a 22 percent rate for the next 3 ycars, with the growth rate falling off to a constant 8 percent thereafter. The required return is 12 percent and the company just paid a S3.80 annual dividend. What is the current share price? 3. Harvey County Choppers, Inc. is experiencing rapid growth. The company expects dividends to grow at 25 percent per year for the next 7 years before leveling off to 7 percent into perpetuity. The required return on the stock is 12 percent. What is the current stock price if the annual dividend share that was just paid was $1.05