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Quantitative Problem 1: Hubbard Industries fust paid a common dividend, D0, of $2.00. It ecpects to grow ot a conatant rate of 3% per year, if investors metire a 11% return on equity, what is the current price of Hubbard's common stock? Do not round intermediate calculations. Round your answer to the nearest cent. \$ par share Zero Growth Stocks: The constant orowth model is sufficiently general to handle the case of a zero growth stock, where the dividend is expected to remuin constant over time. in this atuation, the equation is: P^0=n1D Note that this is the same equation developed in Chapter 5 to value a perpetuity, and it is the same equation used to value a perpetial preferred stock that entitles its ownern to regular, fixed dividend payments in perpetuity, The valuation equation is simply the current dividend divided by the required rate of return. Quantitative Problem 2: Carlysle Corporation has perpetual preferred stock outstanding that pars a constant annual dividend of $1.30 at the end of each year. If invition require an 8% return on the preferred stock, what is the price of the firm's perpetual preferred stock? Round your answer to the nearest cent. \$. per share Nonconstant Growth Stocks: For many companies, it is not appropciate to assume that dividends wil grow at a constant rate. Most firms go through life cycles where ther eoperience different grosuth rate during different parts of the cycle. For valuing these firms, the generalized valuation and the constant growth equatons are combined to arrive at the nonconstant gonth valuation equation: Basically, this equation calculates the present value of dividends recelved during the nonconstant gronth period and the prestent value of the stock is horitos yalue, which is the value at the horizon date of all dividends expected thereafter. Quantitative Problem 3: Assume today is December 31, 2019. Imagine Works inc. yust puid a dividend of 51.25 per share at bre end of 2019. The dwidend is eipacted to your answer to the nearest cent: s per share