- You expected a company to pay dividends of $4 next year, and $8 the year after. - Thereafter, you expect dividends to grow by 5% per year forever. What should be the price of the stock, assuming a 12% required return? - A growing company will not pay dividends for the next 10 years, while it reinvests in new projects. - You expect a \$5 dividend in 11 years, with constant growth of 6% thereafter. If the required return on the stock is 15%, what should be the price of the stock