Find the present value of a stock which will pay a dividend of $60 later today, with each subsequent annual dividend at a constant $50, given an annual interest rate of 15%.

Select one:

a. $355

b. $319

c. $393

d. $410

e. $429

Suppose you are gifted a stock which would sell for $750 today, and pays its next dividend of $45 one year from today. If the current annual discount rate is 9%, what is the growth rate of these dividends?

Select one:

a. 5% a

b. 7%

c. 4%

d. 3%

e. 2%

Find the present value of a stock which will issue a $35 dividend one year from today, which will grow by 10% per year for the following 3 years and then fall to 4% growth per year for each year after that. Assume an effective annual interest rate of 12%.

Select one:

a. $507

b. $566

c. $720

d. $442

e. $401

The Kepler Hospitality Group is in financial trouble: They will issue a $90 dividend later today, but they expect that dividends will fall by 4% per year for each year after. Find the present value of a share of this companyâ€™s stock, given an annual discount rate of 12%.

Select one:

a. $670

b. $630

c. $790

d. $540

e. $710