Red, Inc., Yellow Corp., and Blue Company each will pay a dividend of $2.95 next year. The growth rate in dividends for all three companies is 4 percent. The required return for each company's stock is 9.20 percent, 12.10 percent, and 15.90 percent, respectively.

Required:(a)What is the stock price for Red. Inc., Company?

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$22.35

$73.75

$56.73

$32.07

$8.85

(b)What is the stock price for Yellow Corp. Company?

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$8.85

$36.42

24.38

$73.75

$18.32

(c)What is the stock price for Blue Company?