1. A stock's dividend in 1 year is expected to be $2.2. The dividend is expected to remain the same indefinitely. The stock's required return is 10%. The estimated value of the stock today is $________.

2. A stock is currently priced at $25.1. Its dividend is expected to grow at a rate of 5.9% per year indefinitely. The stock's required return is 7.8%. The stock's predicted price 8 years from now, P8, should be $________.

3. Magellen Corporation stock currently sells for $56 per share. The market requires an 12 percent return on the firm s stock. If the company maintains a constant 4 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?

DPS: $ ____________.