Problem 6: Company Y is expected to pay a dividend of $4.64 next year. The company's dividend growth rate is expected to be 2.75 percent indefinitely and investors require a return of 9.83 percent on the company's stock. What is the stock price? Problem 7: You are considering purchasing stock in Company Z. You feel the company will increase its dividend at 4.2 percent indefinitely. The company just paid a dividend of $2.96, and you feel that the required return on the stock is 11.3 percent. What is the price per share of the company's stock? Problem 8: Company B preferred stock pays an annual dividend of \$3.76. What is the current price of this stock at a required rate of return of 11.9 percent? Problem 9: Company C has preferred stock outstanding that sells for $95.58 per share. If the required return is 3.66 percent, what is the annual dividend? Problem 10: Company D is increasing its annual dividend at a constant rate of 2.14 percent annually. The company's current annual dividend is $3.41. What will the dividend be at Year 7 ? Problem 11: Company E just paid a dividend of $2.70 per share. The required retum is 10.8 percent and the perpetual dividend growth rate is 3.6 percent. What price should this stock sell for five years from today