The firm is expected to pay a dividend of $3.60 starting from the fifth year. If the dividends will be decreased by 2.5 percent annually. What is a share of this stock worth today at a required return of 15.5 percent?

The firm just paid an annual dividend of $2 per share and plans to increase that amount by 5% every year. What is the expected stock price in year 1, year 2 if the required return is 15%?

The firm is expected to pay a dividend of $0.50 forever starting from the fourth year. If the required return is 10 percent, what is this stock worth today?