The market price of a stock is $21.64 and it just paid a dividend of $1.51. The required rate of return is 11.27%. What is the expected growth rate of the dividend? Round to: 2 decimal places.

The market price of a stock is $24.04 and it is expected to pay a dividend of $1.75 next year. The required rate of return is 11.15%. What is the expected growth rate of the dividend? Round to: 2 decimal places.

A stock just paid a dividend of $2.33. The dividend is expected to grow at 24.90% for three years and then grow at 4.96% thereafter. The required return on the stock is 11.53%. What is the value of the stock? Round to: 2 decimal places.

A stock just paid a dividend of $1.20. The dividend is expected to grow at 23.83% for five years and then grow at 3.01% thereafter. The required return on the stock is 12.36%. What is the value of the stock? Round to: 2 decimal places.