The Company4 Pets & BestFriends has consistently paid out 50% of its earnings in dividends. The company's return to equity is 20%.

1. What would you estimate as its dividend growth rate?
2. Shortly but adequately describe and explain equity, return on equity, leverage, dividend growth rate
3. Give leverage examples in banking, forex, a company uses credit, government
4. Given the low risk in dog food, your required rate of return on the Company4 is 15%. What P/E ratio would you apply to the firm's earnings?