You are given the following data:

$\backslash$table$[[$Required return,$10\%$

1. You are given the following data: Required return Present dividend Growth rate a) What is the value of the stock? 1 ovo $1 5% b) Ifthe growth rate increases to 6 percent and the dividend remains $1, what is the value of the stock? c) Ifthe required return declines to 9 percent and the dividend remains $1, what is the value of the stock? If the stock is selling for $20, what does that imply?