1) Frey Corp. is experiencing rapid growth. Dividends are expected to grow at 26 percent per year during the next three years, 16 percent over the following year, and then 4 percent per year indefinitely. The required return on this stock is 10 percent, and the stock currently sells for $64 per share. What is the projected dividend for the coming year?

2) You have found the following stock quote for RJW Enterprises, Inc., in the financial pages of todays newspaper.

52-WEEK

YLD

VOL

NET

HI

LO

STOCK (DIV)

%

PE

100s

CLOSE

CHG

149.98

88.68

RJW

3.10

2.5

15

18,867

??

0.46

What was the closing price for this stock that appeared in yesterdays paper? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Yesterdays closing price

$

If the company currently has 34 million shares of stock outstanding, what was net income for the most recent four quarters? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Net income

$