1. A stock is expected to pay a dividend of $2.4 one year from now, and the same amount every year thereafter. The stock's required return (indefinitely) is expected to be 10.9%. The stock's predicted price exactly 5 years from now, P5, should be $_______________.

2. A stock is expected to pay a dividend next year of $2.3. The dividend amount is expected to grow at an annual rate of 6.6% indefinitely. Assuming a required return on the stock of 11.5% in the future, the dividend yield on the stock is ______%.

3. A stock is expected to pay a dividend of $1.1 one year from now, $1.6 two years from now, and $2.2 three years from now. The growth rate in dividends after that point is expected to be 8% annually. The required return on the stock is 12%. The estimated price per share of the stock six years from now should be