Ibanez Inc.'s stock currently sells for $50.00 a share. It just paid a dividend of $2.12 a share. This dividend is expected to grow at a constant rate of 4% a year. The required return on the company's common stock is 8.41%. What is the expected stock price 1 year from now?

Enriquez Corp. issued perpetual preferred stock with a 9% annual dividend. The stock currently yields 7% for investors and its par value is $100. What is the stock's value today?

Minnesota Mining Co.'s ore reserves are declining so its sales and profits are falling. As a result, the company's dividends are being reduced each year at a constant rate of 2%. If the most recent dividend paid was $2.45 and the required return on their common stock is 9%, what is the value of their stock today?