Columbus Manufacturing's stock currently sells for $ 25.76 a share. The stock just paid a dividend of $2 a share (i.e.,D0=2). The dividend is expected to grow at a constant rate of 3 % a year. What is the required rate of return on the company's stock? Express your answer in percentage, and round it to two decimal places, i.e., 13.54, for example for 0.1354)

Columbus Pet Products has preferred stock outstanding which pays a dividend of $ 3 at the end of each year. The preferred stock sells for $ 41.82 a share. What is the preferred stock's required rate of return? Answer in a percentage and round it to two decimal places, i.e., 13.24 for 0.1324.

The company's stock has a beta equal to 1.49 , the risk-free rate is 4.5 percent, and the market risk premium is 5.8 percent. What is your estimate of the stock's required rate of return? Answer in a percentage without the % sign, and round it to two decimal places, i.e., 10.54 for 10.54% (or 0.1054).

A company has just paid a dividend of $ 4 per share, D0=$ 4 . It is estimated that the company's dividend will grow at a rate of 14 % percent per year for the next 2 years, then the dividend will grow at a constant rate of 4 % thereafter. The company's stock has a beta equal to 1.4, the risk-free rate is 4.5 percent, and the market risk premium is 4 percent. What is your estimate of the stock's current price? Round your answer to two decimal places.