Please answer the question step-by-step in a piece of paper , not the keyboard, and then take a picture of it and post it. Thank you

Variable growth practice problem

4. A stock just paid a dividend of $4 and is expected to pay a $5 dividend each of the next two years and then be sold at $50. If the

required rate of return is 8%, what is the value today?

A. $56.84 B. $54.98 C. $53.57 D. $51.78 E. $57.57

5. A company just paid a dividend of $7 and expects the dividend to decrease 10% this year, decrease 20% next year and then grow

at a constant rate of 5% thereafter. If your required rate of return for the company is 10%, what is the per share value today?

A. $83.45 B. $86.25 C. $97.36 D. $98.14 E. $100.45

6. A company just paid a dividend of $1.50 and expects high growth of 20% the next two years and then constant growth of 5%

thereafter. If the required rate of return associated with this stock is 12%, what is the value of the stock today?

A. $30.30 B. $29.16 C. $21.70 D. $22.68 E. $18.06.

13. The return on US T-Bills is 4%, inflation is 2% and the risk premium of the S&P 500 is 16%. If a stock has a beta of 1.2 , what

is the alpha for the stock if the actual return is 26.4%?

A. 4% B. 3.2% C. -3.2% D. 2.8% E. 1.8%