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  3. 1. a stock just paid a dividend of d0 = $0.66. div

1. A stock just paid a dividend of D0 = $0.66. Dividend is expected to...

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Finance

1. A stock just paid a dividend of D0 = $0.66. Dividend is expected to grow at a constant rate of 3.2%. The required rate of return is 15.7%. What is the current stock price?

2. XYZ stock is currently selling for $40.35 per share. The company just paid its first annual dividend of $4.08 a share. The firm plans to increase the dividend by 7 percent per year indefinitely. What is the expected return on XYZ stock?

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