Mahal Co. has not kept pace with the times and is slowly seeing its sales and market share decline. Based on this trend, the firm recently announced that its next annual dividend will be $7.0 a share and that all future dividends will be decreased by 1 percent annually. You require a 9 percent rate of return on this stock. What is one share of this stock worth to you today? $53.33 $70.00 $62.80 $87.50 The required return on Niagara Falls Co.'s stock is 12 percent and the dividend growth rate is 4 percent. The stock is currently selling for $85.50 a share. What is the dividend yield? 2.20 percent 6.50 percent 4.40 percent 8.00 percent Stonehenge Inc. has paid a dividend of $2.0 a share last year. Yesterday, the firm announced that the dividend will increase by 10 percent each year for the next three years, after which time the dividends will increase by 5 percent annually. The required return on this stock is 13 percent. What is the current value per share? $37.57 $26.55 $34.91 $29.88