*CANNOT USE EXCEL TO SOLVE. CAN USE CALCULATOR FUNCTIONS. PLEASE SHOW ALL STEPS.

Q: Flanagan Corporation just paid a dividend of $2.20 a share (that is, D₀ = $2.20). The dividend is expected to grow 11 percent a year for the next 3 years and then at 4 percent a year thereafter. What is D₆, the expected dividend per share for Year 6?

Q: Sullivan Brothers is expected to pay a $2.00 per share dividend at the end of the year (that is, D₁ = $2.00). The dividend is expected to grow at a constant rate of 6 percent a year. The required rate of return on the stock, r_s, is 11 percent. What is the stocks value per share?

Q:

Alvarez Industries stock currently sells for $70 a share. It just paid a dividend of $2.87 a share (that is, D₀ = $2.87). The dividend is expected to grow at a constant rate of 6.2 percent a year. What is the required rate of return?