1. You are investing in a share of stock. The share just paid a dividend of $2.97. The dividend has been growing and is expected to grow forever at a rate of 5.67% per year. You require a 15.44% rate of return on the stock investment. What would be a fair price/share in 9 years?

2. You are investing in a share of stock. The share will pay a dividend of $8.7 at the end of the first year. The dividend is expected to grow forever at a rate of 3.19% per year. You require a 10.19% rate of return on the stock investment. What would be a fair price for this share of stock in 10 years?

3. A share of stock has a dividend that is expected to grow at a constant perpetual rate.

During the next year (t=0 to t=1), the dividend yield is expected to be 3.17%.

Dividends are paid at years end.

If the dividend paid at the end of the year (at t=1) is expected to be $3.96, what is a fair price for the stock today?