Shares of Alphabet Inc. are trading for $1030. Alphabet doesn't currently pay a dividend. Assume that it will commence paying annual dividends 5 years from today. Once started, it will pay dividends in perpetuity and they will grow at an annual rate of 3.75%. Alphabet investors require a return of 12.00%. What dividend is the market using to arrive at its current valuation? Enter you answer rounded to 2 decimal places. Draw the profit diagram for a long position in a call option with a call premium of $3 and a strike price of $50. What is the break-even stock price? (Break-even price = zero profit price.) 1) $50 O2) $47 3) $53 04) $56