please solve all this tasks

17. 18. 19. 20 21. 22. Nonconstant Growth Rizzi Co. is growing quickly. Dividends are expected to grow at a 25 percent rate for the next three years, with the growth rate falling off to a constant 7 percent thereafter. If the required return is 13 percent and the company just paid a $2.80 dividend, what is the current share price? Nonconstant Growth Janicek Corp. is experiencing rapid growth. Dividends are expected to grow at 30 percent per year during the next three years, 18 percent over the following year, and then 8 percent per year indefinitely. The required return on this stock is 14 percent, and the stock currently sells for $70.00 per share. What is the projected dividend for the coming year? Finding the Dividend Hollin Corporation stock currently sells for $50 per share. The mar- ket requires a 14 percent return on the firm's stock. If the company maintains a constant 8 per- cent growth rate in dividends, what was the most recent dividend per share paid on the stock? Valuing Preferred Stock Mark Bank just issued some new preferred stock. The issue will pay a S9 annual dividend in perpetuity, beginning six years from now. If the market requires a 7 percent return on this investment, how much does a share of preferred stock cost today? Negative Growth Calamity Mining Company's iron ore reserves are being depleted, and its costs of recovering a declining quantity of ore are rising each year. As a result, the company's earnings are declining at a rate of 10 percent per year. If the dividend per share to be paid tomorrow is $5 and the required rate of return is 14 percent, what is the value of the firm's stock? Assume that the dividend payments are based on a fixed percentage of the firm's earnings. Nonconstant Growth and Quarterly Dividends Pasqually Mineral Water, Inc., will pay a quarterly dividend per share of Si at the end of each of the next 12 quarters. Thereafter the dividend will grow at a quarterly rate of 0.5 percent forever. The appropriate rate of return on the stock is 10 percent, compounded quarterly. What is the current stock price? Nonconstant Growth To buy back its own shares, Pennzoil Co. has decided to suspend its dividends for the next two years. It will resume its annual cash dividend of $2.00 in year 3 and year 4. Thereafter its dividend payments will grow at an annual growth rate of 6 percent for- ever. The required rate of return on Pennzoil's stock is 16 percent. According to the discounted dividend model, what should Pennzoil's current share price be? Finding the Dividend Allen, Inc., is expected to pay equal dividends at the end of each of the next two years. Thereafter, the dividend will grow at a constant annual rate of 4 percent forever. The current stock price is $30. What is next year's dividend payment if the required rate of return is 12 percent? Finding the Required Return Juggernaut Satellite Corporation earned $10 million for the fiscal year ending yesterday. The firm also paid out 25 percent of its earnings as dividends yesterday. The firm will continue to pay out 25 percent of its earnings as annual, end-of-year dividends. The remaining 75 percent of earnings is retained by the company for use in projects. The company has 1.25 million shares of common stock outstanding. The current stock price is $40. The historical return on equity (ROE) of 11 percent is expected to continue in the future. What is the required rate of return on the stock? 23. 24. 25