$1.$ DPS Calculation Constant Dividend Growth Valuation

Boehm Incorporated is expected to pay a $$3\mathrm{.}20$ per share dividend at the end of this year $($i$.$e$.,D_1=$$$3\mathrm{.}20).$ The dividend is expected to grow at a constant rate of $10\%$ a year. The required rate of return on

the stock, $r_s,$ is $15\%.$ What is the estimated value per share of Boehm's stock? Do not round intermediate calculations. Round your answer to the nearest cent.

$

Thress Industries just paid a dividend of $$3\mathrm{.}50$ a share $($i$.$e$.,D_0=$$$3\mathrm{.}50).$ The dividend is expected to grow $8\%$ a year for the next $3$ years and then $15\%$ a year thereafter. What is the expected dividend per

share for each of the next $5$ years? Do not round intermediate calculations. Round your answers to the nearest cent.

$D_1=$$

$D_2=$$

$D_3=$$

$D_4=$$

$D_5=$$