Question 17 Not yet answered Western Textile Importers paid a $1.25 per share annual dividend last week. Dividends are expected to increase by 8% annually. What is one share of this stock worth to you today if your required rate of return is 15.5%? ? Marked out of 5.00 Flag question Select one: a. $17.52 b. $16.84 c. $19.23 d. $18.87 e. $18.00 Question 18 Not yet answered The common stock of Balinger Machines pays an annual dividend that is expected to increase by 8% annually. The stock commands a market rate of return of 13% and sells for $64.20 a share. What is the expected amount of the next dividend? Marked out of 5.00 P Flag question Select one: : a. $3.84 b. $3.20 c. $2.99 d. $3.71 e. $4.56 Question 19 Not yet answered Gradley Broadcasting expects to pay dividends of $1.10, $1.21, and $1.331 in one, two, and three years, respectively. After that, dividends are expected to grow at a constant rate of 2.5% forever. Stocks of similar risk yield 15% Marked out of 5.00 The price of Gradley Broadcasting stock today should be: Flag question Select one: a. $11.20 b. $12.48 c. $10.33 d. $12.12 e. $10.46