Quantitative Problem 1: Hubbard Industries just paid a common dividend, Do, of $2.00. It expects to grow at a constant rate of 3% per year. If answer to the nearest cent. \$ per share Zero Growth Stocks: The constant growth model is sufficiently general to handle the case of a zero growth stock, where the dividend is expected to remain constant over time. In this situation, the equation is: P0=r8D rate of return. each year. If investors require an 6% return on the preferred stock, what is the price of the firm's perpetual prefore the nearest cent. \$ per share Nonconstant Growth Stocks: For many companies, it is not appropriate to assume that dividends will grow at a constant rate. Most firms go through life cycles where the experience different growth rates during different parts of the cycle. For valuing these firms, the generalized valuation and the constant growth combined to arrive at the nonconstant growth valuation equation: P0=(1+rs)1D1+(1+rs)2D2++(1+r8)NDN+(1+rg)NP^N Basically, this equation calculates the present value of dividends received during the nonconstant growth period and the present value of the stock's horizon value, which is the value at the horizon date of all dividends expected thereafter. Quantitative Problem 3: Assume today is December 31, 2019. Imagine Works Inc. just paid a dividend of $1.25 per share at the end of 2019 . The of equity ( rs) is 10%. Using the dividend growth model (allowing for nonconstant growth), what should be the price of the company's stock to the (December 31, 2019)? Do not round intermediate calculations. Round your answer to the nearest cent. $ per share