1. Stana, Inc., has preferred stock outstanding that sells for $101.69 per share. If the required return is 4.05 percent, what is the annual dividend?

$4.29

$3.71

$3.96

$4.12

$3.85

2. Brickhouse is expected to pay a dividend of $3.45 and $2.58 over the next two years, respectively. After that, the company is expected to increase its annual dividend at 4.1 percent. What is the stock price today if the required return is 11.9 percent?

$37.46

$30.57

$35.07

$32.63

$27.49

3. Red Sun Rising just paid a dividend of $1.98 per share. The company said that it will increase the dividend by 20 percent and 15 over the next two years, respectively. After that, the company is expected to increase its annual dividend at 3 percent. If the required return is 10 percent, what is the stock price today?

$35.39

$37.65

$33.23

$15.00

$36.52