A company$$s stock currently sells for $$21\mathrm{.}25$ per share. The stock$$s dividend is projected to

increase at a constant rate of $6\mathrm{.}5\%$ per year. The required rate of return on the stock, is $13\mathrm{.}00\%.$

What is the expected stock price $3$ years from today?

$4-$A company just paid a dividend of $$1\mathrm{.}25$ per share, and that dividend is expected to grow at a

constant rate of $8\mathrm{.}00\%$ per year in the future. The company's beta is $1\mathrm{.}45,$ the market risk

premium is $7\mathrm{.}50\%,$ and the risk$-$free rate is $4\mathrm{.}00\%.$ What is the company's current stock price?

$5-$A company plans to issue perpetual preferred stock with a quarterly dividend of $$2\mathrm{.}50$ per

share. If the required return on this preferred stock is $8\mathrm{.}5\%,$ at what price should the preferred

stock sell?

$6-$A company just paid a dividend of $$1\mathrm{.}75.$ The company's dividends grow at the constant rate

of $5\mathrm{.}5\%,$ and the price of this company's stock is $$36\mathrm{.}85.$ What is the stock$$s expected dividend

yield for the coming year?

$7-$A Company just paid a dividend of $$1\mathrm{.}25$ per share, and that dividend is expected to grow at a

constant rate of $5\mathrm{.}00\%$ per year in the future. The company's beta is $1\mathrm{.}55,$ the market return is

expected to be $12\mathrm{.}00\%,$ and the risk$-$free rate is $4\mathrm{.}00\%.$ What is the company's current stock

price?