Question 31 What is the value of a share of stock today if the dividend a year from now is $5.00, the required rate of return on the stock is 12% and the dividend growth rate is 2%?

a. $40.00 b. $50.00 c. $60.00 2.22 points

Question 32 What is the value of a share of stock with non-constant growth in dividends, and dividend present values of $7.21, $10.15 and $12.43 for the next three years?

a. $59.38 b. $29.79 c. $12.43