The stock price of Russell, Inc. is $61. Investors require a 14 percent rate of return on similar stocks. If the company plans to pay a dividend of $2.50 next year, what growth rate is expected for the company's stock price? 4.10 percent 8.37 percent 8.81 percent 9.90 percent 10.91 percent

Spiral Staircase is offering preferred stock which is commonly referred to as 10-10 stock. This stock will pay an annual dividend of $10 a share starting 10 years from now. What is this stock worth to you today if you desire a 12 percent rate of return? $11.20 $18.95 $26.83 $30.05 $83.33