XYZ Corp. will pay a dividend of $1.76 per share next year. The price of the stock is $129.50, and dividends are expected to grow at 6.5%, forever. What is the implied rate of return on this investment? Write percentages as decimals and round 4 decimals.

Now assume they will pay a dividend of $4.50 next year instead. If the dividends are expected to grow at 3% forever, and investors require a 12.22% rate of return on their investment, what would be the price per share? Round to 2 decimals.

Assume now that XYZ Corp. just paid a dividend of $1.10 per share, with the dividends expected to grow at 35% over the next 2 years, and then grow at 5% forever. If investors require a 9% rate of return on their investment, what would be the current price per share? Round to 2 decimals.