Shares in Brothers Grimm, Inc., manufacturers of gingerbread houses, are expected to pay a dividend of $8.50 in one year and to sell for $93 per share at that time. How much should you be willing to pay today per share of Grimm under the following circumstances?

a. Consider a safe rate of interest of 5.7 percent and assume that investing in Grimm carries no risk. Grimm's share value would be $_____

b. Consider a safe rate of interest of 10.7 percent and assume that investing in Grimm carries no risk. Grimm's share value would be $_____

c. Consider a safe rate of interest of 5.7 percent, but your risk premium is 3 percent. The share value today would be $