Michaels, Inc., just paid $2.55 to its shareholders as the annual dividend. Simultaneously, the company announced that future dividends will be increasing by 5.5 percent per annum going forward. If you require a rate of return of 9.7 percent, how much are you willing to pay today to purchase one share of the company's stock? Question 5 The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 15 percent a year for the next 4 years and then decreasing the growth rate to 6 percent per year. The company just paid its annual dividend in the amount of $2.90 per share. What k the current value of one share of this stock if the required rate of retum is 8.40 percent? Question 6 5 pts You are going to start saving for your retirement. Each month at the end of the month you will doposit $250 for the next 20 years, if these monthly deposits earn BS APR per year the amount of your retirement account at the end of 20 years will be how much? Question 7 5pts You borrow $1,000 for 2 years at 5% APR. The single payment that will settle your debt at the end of 2 years is closest to