Suppose that GM recently paid a dividend of $5.00. If you expect the dividend to decline at a rate of 10%, the dividend in one year will be . If your required rate of return is 5%, this implies that the value of the share price today is Suppose the value of GM is currently trading at $50 per share, the only way an investor would buy this stock is if they had projected a rate of return or a growth rate. (a) $4.50;$30.00; higher; lower (b) $4.50;$45; lower; higher (c) $5.50;$36.67; higher; lower (d) $4.50;$30.00; lower; higher Tesla expects to pay zero dividends in one year followed by a dividend of $5 in two years and $15 in three years. The sum of the present value of these non-constant growth dividends is . If dividends grow at a 5% rate moving forward and your required return is 10%, the present value of all dividends moving forward (i.e. from year 4 onward) is (a) $15.40;$236.66;$252.06 (b) $15.03;$315;$330.03 (c) $15.40;$260.33;$275.73 (d) $15.03;$236.66;$251.69