a fast-growing firm recently paid a dividend of $0.35 per share. The dividend is expected to increase at a 10 percent rate for the next three years. Afterwards, a more stable 5percent growth rate can be assumed. If a 6percent discount rate is appropriate for this stock, what is its value today?

Stock value$()

Consider a firm that had been priced using a 12.5 percent growth rate and a 14.5 percent required return. The firm recently paid a $1.65 dividend. The firm has just announced that because of a new joint venture, it will likely grow at a 13.0 percent rate. How much should the stock price change (in dollars and percentage?)

Change in stock price$()

Change in stock percent ()%