Eastern Electric currently pays a dividend of about $1.64 per share and sells for $27 a share. If its dividend growth rate is 6.5%, and the payout ratio is 0.51, what must be the ROE of the firm? Your Answer: Answer Question 6 ( 2 points) The Brigaphenski Co. has just paid a cash dividend of $2 per share. Investors expected return is 14.98 percent. If the dividends for the next 3 years are $2.16,$ 2.49, and $3.56, respectively, and the stock is expected to be sold for $49.32 in 3 years. What is the current value of the stock? Your Answer: Answer Question 7 (2 points) Castles in the Sand generates a ROE of 21.0 percent and maintains a payout ratio of 0.5. Its earnings this coming year will be $4.11 per share. Investors expect a return of 15.41 percent on the stock. What is the stocks P/E ratio? Your