1. A stock is expected to pay a dividend of $3.5 at the end of this year (this is Div1), and it should continue to grow at a constant rate of 4.8% a year. If its required return is 12.4%, the stock's price today should be $______________.

2. A firm's earnings and dividends are expected to decline at a constant rate of 3% per year. The most recent dividend (Div0) was $3.8 and the required return on the stock is 11%. The current price of the stock should be $__________.

3. A stock is expected to pay the following dividends: $1 in 1 year, $1.4 in 2 years, and $1.9 in 3 years, followed by growth in the dividend of 7% per year forever after that point. The stock's required return is 12%. The stock's current price (Price at year 0) should be $____________.

4. A stock is currently priced at $40.5. Its dividend is expected to grow at a rate of 6.1% per year indefinitely. The stock's required return is 10.9%. The stock's predicted price 3 years from now, P3, should be $________.  

5. A stock is expected to pay the following dividends: $1.1 four years from now, $1.5 five years from now, and $2 six years from now, followed by growth in the dividend of 6% per year forever after that point. There will be no dividends prior to year 4. The stock's required return is 12%. The stock's current price (Price at year 0) should be $____________.

Do not round any intermediate work, but round your final answer to 2 decimal places (ex: 12.34567 should be entered as 12.35).