Excel Inc. just paid a dividend of $2.80 today and expects to grow the dividend at a constant rate of 5% per year, indefinitely. If the required rate of return by shareholders is 11%, then the price of this stock should be $49.00 $51.80 $46.67 $42.04 none of the above A rapidly growing company just paid a dividend of $1.50 a share. For the next three years, the earnings growth rate is projected to be 15% each year, and then 4% each year thereafter. If the required rate of return is 9%, what is the value of the stock? $35.15 $38.63 $43.88 $41.65 What is the expected return on an asset that is expected to have returns of -10%, 8%, and 20% when the economy is in boom, normal, and recession states, respectively? The probabilities of boom, normal, and recession states happening are 20%, 50%, and 30%, respectively. 8.00% 6.00% 2.67% O 5.00% What is the total risk of the returns on an asset that gives returns of 20%, 5%, and -15% with the probabilities of 20%, 50%, and 30%, respectively? 156.00% 3.69% 14.34% 12.49% 14.40%