Part A. Based on its perceived riskiness, the annual required rate of return is 16.5% for shares of Cyberdyne Inc. The company just paid their annual dividend of $10.04 a share. Analysts predict that the dividend will grow at an annual rate of 5.1%. What is the estimated price of the stock in 6 years, using the Dividend Discount Model? Answer to the nearest penny.

Part B. JFG stock is expected to pay a dividend of $5.59 a share in one year. Thereafter, the expected annual growth rate of the dividend is 5.4%. Based on the Dividend Discount model, what is the most that you would be willing to pay for a share of JFG stock today if your required rate of return is 19.9% per annum? Answer to the nearest penny.

Part C. Estimate the annual required rate of return for BTO stock, using the Dividend Discount Model. BTO just paid an annual dividend of $3.64 per share, and the concensus analyst estimate is that the dividend will grow at 5.5% each year. The current market value of BTO stock is $22.22 per share. Answer as a % to 2 decimal places (e.g., 12.34% as 12.34).