Decimal places (when relevant): please keep 2 in all calculations. For interest rates, keep 2 digits in the form of 3.xx% unless otherwise specified.

PLEASE SHOW ALL WORK! WITHOUT FINANCIAL CALCULATOR and NO EXCEL

If you are not going to answer all the parts to the question please leave it for someone else. THANKS

5. a. Shusha Corp. currently pays a dividend of $3.00 per year, and it will continue to pay this dividend forever. What is the price per share of Shusha stock if the required rate of return on the stock is 15%?

b. Vanguard Corp. just paid a dividend of $1.5. If you expect Vanguard's dividend to grow by 5% per year, what is its price per share if the required rate of return for Vanguard is 10%?. What will the price be in five years?

c. Blizzard Corp. reinvests 80% percent of its earnings in the firm. The share price is $50, and the next dividend will be $2.50. The discount rate is 15 percent. What is the rate of return (ROE) on the company's reinvested funds?