Morgan Stanley has just paid a dividend of $1. It will grow its

dividend at 5% forever. With an APR of 10%, what is its share price?

You plan to buy Morgan Stanleys stock today and sell it 4 years from

now. Assuming that nothing will change in the stocks behavior, i.e.

it will continue to grow its dividends at 5% forever, what is the

present value of the profits from such transaction?

You estimate that MSs earnings will grow at 3%, what return shell

you expect if you purchase MSs stock at $38.93?

You want to earn expected return of 13% by purchasing MSs stock

at $38.93. What does this imply about MSs earnings growth rate?