ATEM Co. will pay dividends $3, $3, and $5, at the end of years 1, 2, and 3, respectively. After that, dividends will grow at 6% per year. If the required rate of return is 8%, what is the value of one share today?

$220.61

$217.83

$219.68

$218.76

$221.54

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Saturn Co. just paid an annual dividend of $4 per share, and its dividends are expected to grow at the constant rate of 5% per year. If the share price of Saturn Co. is currently $100, what is the required annual rate of return on Saturn Co.?

10.25%

9.20%

11.30%

13.40%

12.35%

___________

You purchased a stock of BMA Ltd. for $25. One year later, you received a dividend of $0.50 and sold the stock for $26. What is the dividend yield for BMA Ltd.?

4.00%

1.92%

2.00%

6.00%

5.77%