Three Corners Markets paid an annual dividend of $1 a share last month. Today, the company announced that future dividends will be increasing by 2.5 percent annually. If you require a return of 13.7 percent, how much are you willing to pay to purchase one share of this stock today?

The current dividend yield on CJ's common stock is 1.65 percent. The company just paid an annual dividend of $1.56 and announced plans to pay $1.70 next year. The dividend growth rate is expected to remain constant at the current level. What is the required rate of return on this stock?

Home Products common stock sells for $30.17 a share and has a market rate of return of 13.8 percent. The company just paid an annual dividend of $2.23 per share. What is the dividend growth rate?