Dyer Furnitures current dividend is $2.00 per share, and the dividend is expected to grow at a constant rate of 6.00% per year in the future. The companys beta is 1.2, the return on S&P500 is 9.50%, and the return on 3-month Treasury Bill is 3.00%. Answer the following questions:

1) What is Dyer's required rate of return on its stock?

2) What is Dyer's current stock price if the dividend grows at 6% forever?

3) What will be Dyer's current stock price if the dividend does not grow in the future?