1a.The market price of a stock is $21.91 and it is expected to pay a dividend of $1.51 next year. The required rate of return is 11.93%. What is the expected growth rate of the dividend?
1b. A stock just paid a dividend of $1.30. The dividend is expected to grow at 24.18% for three years and then grow at 4.20% thereafter. The required return on the stock is 11.27%. What is the value of the stock?
1c. A stock just paid a dividend of $2.02. The dividend is expected to grow at 21.14% for five years and then grow at 4.27% thereafter. The required return on the stock is 12.46%. What is the value of the stock?
1d. The market price of a stock is $21.75 and it just paid a dividend of $1.18. The required rate of return is 11.10%. What is the expected growth rate of the dividend?