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Farley Inc. has perpetual preferred stock outstanding that sells for $48 a share and pays a dividend of $4.75 at the end of each year. What is the required rate of return? Round your answer to two decimal places.

%

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A stock is expected to pay a dividend of $2.50 at the end of the year (i.e., D₁ = $2.50), and it should continue to grow at a constant rate of 7% a year. If its required return is 12%, what is the stock's expected price 4 years from today? Do not round intermediate calculations. Round your answer to the nearest cent.

$

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Holtzman Clothiers's stock currently sells for $34.00 a share. It just paid a dividend of $1.25 a share (i.e., D₀ = $1.25). The dividend is expected to grow at a constant rate of 10% a year.

What stock price is expected 1 year from now? Round your answer to the nearest cent. $

What is the required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. %