1. Janicex Co. is growing quickly. Dividends are expected to grow at a rate of 24 percent for the next three years, with the growth rate falling off to a constant 6 percent thereafter. If the required return is 14 percent and the company just paid a dividend of $3.40, what is the current share price? (Round your answer to 2 decimal places.
Current share price $
2. The next dividend payment by Blue Cheese, Inc., will be $1.40 per share. The dividends are anticipated to maintain a growth rate of 6 percent forever. If the stock currently sells for $25 per share, what is the required return? (Round your answer to 2 decimal places.
Required return %
3. Feeback Corporation stock currently sells for $30 per share. The market requires a return of 11.4 percent on the firm's stock. If the company maintains a constant 3.7 percent growth rate in dividends, what was the most recent dividend per share paid on the stock? (Do not round intermediate calculations and round your answer to 2 decimal places.