solution

Far Side Corporation is expected to pay the following dividends
over the next four years: $14, $9, $6, and $4. Afterward, the
company pledges to maintain a constant 3 percent growth rate in
dividends forever.

Required:

If the required return on the stock is 13 percent, what is the
current share price? (Do not round your intermediate
calculations.)

Multiple Choice

$58.41
$51.32
$48.75
$49.36
$52.86

Marcel Co. is growing quickly. Dividends are expected to grow at
a 23 percent rate for the next 3 years, with the growth rate
reducing to only a constant 7 percent thereafter

Required:

If the required return is 12 percent and the company just paid a
$3.40 dividend, what is the current share price? Note: since the
dividend at time 0 of $3.40 has just been paid, do not include
it in the price at time 0. (Do not round your
intermediate calculations.)

Multiple Choice

$104.21
$106.54
$110.88
$108.71
$98.39

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