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Flagg.com has a new issue of preferred stock it calls 10/10 preferred. The stock will pay a $10 dividend per year, but the first dividend

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Flagg.com has a new issue of preferred stock it calls 10/10 preferred. The stock will pay a $10 dividend per year, but the first dividend will not be paid until 10 years from today. If you require a return of 8.7 percent on this stock, how much should you pay today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current stock price Friedman, Inc., is a young start-up company. No dividends will be paid on the stock over the next few years because the firm needs to plow back its earnings to fuel growth. However, the company will pay a dividend of $23 per share 5 years from today and will increase the dividend by 4.5 percent per year thereafter. If the required return on this stock is 15 percent, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current share price Potter Corporation is expected to pay the following dividends over the next four years: $10, $16. $21, and $11.25. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividends forever. If the required return on the stock is 12.4 percent, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current share price Blake Corp. is growing quickly. Dividends are expected to grow at an annual rate of 30 percent for the next three years, with the growth rate falling off to a constant annual rate of 5.5 percent thereafter. If the required return is 12.5 percent and the company just paid a dividend of $2.85, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current share price

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