1.Fowler, Inc., just paid a dividend of $3.25 per share on its stock. The dividends are expected to grow at a constant rate of 4.75 percent per year, indefinitely. Assume investors require a return of 10 percent on this stock.

a.What is the current price?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

b.What will the price be in five years and in fourteen years?(Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

2.The next dividend payment by Hoffman, Inc., will be $2.75 per share. The dividends are anticipated to maintain a growth rate of 7 percentforever. Assume the stock currently sells for $49.10 per share.

a.What is the dividend yield?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

b.What is the expected capital gains yield?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

3.The stock price of Alps Co. is $54.70. Investors require a return of 13 percent on similar stocks.If the company plans to pay a dividend of $4.00 next year, what growth rate is expected for the company's stock price?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

4.Synovec Corporation is expected to pay the following dividends over the next four years: $6.70, $17.70, $22.70, and $4.50. Afterward, the company pledges to maintain a constant 5.5 percent growth rate in dividendsforever.

If the required return on the stock is 9 percent, what is the current share price?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)