A share of preferred stock pays an annual dividend of $3.00. What is the required rate of return on the stock if the current market price is $28?
A stock is expected to pay a dividend of $2.50 next year. Dividends are expected to grow at an annual rate of 6%. What is the price of the stock if the required rate of return is 14%?
A stock just paid a dividend of $1.00. Dividends are expected to grow at an annual rate of 5%. What is the price of the stock if the required rate of return is 13%?