1. Assume that in 2015, the first edition of a comic book was sold at auction for $1,905,000. The comic book was originally sold in 1941 for $.07. For this to have been true, what was the annual increase in the value of the comic book? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Annual increase %

2. ABC Company's last dividend was $0.4. The dividend growth rate is expected to be constant at 16% for 2 years, after which dividends are expected to grow at a rate of 6% forever. The firm's required return (rs) is 11%. What is its current stock price (i.e. solve for Po)?

3. ABC Enterprises' stock is currently selling for $47.5 per share. The dividend is projected to increase at a constant rate of 7.8% per year. The required rate of return on the stock is 12%. What is the stock's expected price 5 years from today (i.e. solve for P5)?