Intro

A stock has a price of $$48$ and just paid an annual dividend of $$1\mathrm{.}5.$ The dividend is expected to grow by $2\%$ per year.

Part $1$

Attempt $\frac{6}{10}$ for $0\mathrm{.}95$ pts$.$

What is the expected retum?

$3+$ decimals

Part $2$

Attempt $\frac{1}{10}$ for $0\mathrm{.}95$ pts$.$

What would be your expected return if you had to pay $$58$ for the stock?

$4+$ decimals

Part $3$

Attempt $\frac{1}{10}$ for $0\mathrm{.}95$ pts$.$

What would be your expected retum if you only had to pay $$38$ for the stock?