1) Bradshaw company's most current dividend was $6.75. Historical dividend payment by company illustrates a constant growth rate of 5% per year. Determine the maximum you would be eager to pay for share of its common stock if your required rate of return is= 8%

2) Xiao Xin owns stock in the company that has paid annual dividends given in below table compute growth rate of these dividends.

Table Dividends
2003 2.89
2002 2.53
2001 2.22
2000 1.95
1999 1.71
1998 1.50

3) Based upon analysis of company and expected industry and economic conditions, China imports is expected to earn $4.60 per share of Common stock next year. Average price/earnings ratio for firms in same industry is 8. Compute estimated Value of share of China Imports Common Stock.