Please show work on all questions, not excel or calculator.

28. What is the value today of a share of common stock that recently paid a dividend of $5 and is predicted to pay dividends of $4, $3, and $2 over the next three years and then never pay another dividend. Use a required rate of return of 10%?

A. $6.75 B. $7.62 C. $8.38 D. $12.62 E. $14.00

29.A stock will not pay a dividend for 6 years. At the end of the seventh year, it will pay a dividend of $7. This dividend will have constant growth of 4% thereafter. If the required rate of return for this stock is 13%, what is its value today

A. $33.06 B. $37.36 C. $36.44 D. $28.74 E. $30.22

30. A company is a fast growing technology company. The firm projects a rapid growth of 40 percent for the next two years and then a growth rate of 20 percent for the following two years. After that, the firm expects a constant-growth rate of 12 percent. The firm expects to pay its first dividend of $1.25 a year from now. If your required rate of return on such stocks is 20 percent, what is the current price of the stock?

A. $30.30 B. $15.63 C. $21.70 D. $22.68 E. $18.06

31. A company projects a rapid growth of 30 percent this year and next year and then a growth rate of 8 percent thereafter. The firm expects to pay its first dividend of $1.25 a year from now. If your required rate of return on such stocks is 20 percent, what is the current price of the stock?

A. $14.30 B. $13.63 C. $12.33 D. $10.68 E. $11.06