excel computation $2.$ Stock Values $($LO$1)$ The next dividend payment by Kilbride Inc. will be $$1\mathrm{.}89$ per share. The dividends are anticipated to maintain a $5\%$ growth rate forever. If the stock currently sells for $$38\mathrm{.}00$ per share, what is the required return?

$7.$ Stock Valuation $($LO$1)$ Gould Corp. pays a constant $$9\mathrm{.}75$ dividend on its stock.

The company will maintain this dividend for the next $11$ years and will then cease paying dividends forever. If the required return on this stock is $10\%,$ what is the current share price?

$14.$ Non$-$Constant Growth $($LO$1)$ Foxtrap Bearings Inc. is a young start$-$up company. No

dividends will be paid on the stock over the next nine years because the firm needs to plow back its earnings to fuel growth. The company will pay a $$12$ per$-$share dividend in ten years and will increase the dividend by $5\%$ per year thereafter. If the required return on this stock is $13\mathrm{.}5\%,$ what is the current share price?

$17.$ Supernormal Growth $($LO$1)$ Duffs Co$.$ is growing quickly. Dividends are expected to grow at a $24\%$ rate for the next three years, with the growth rate falling off to a constant $6\%$ thereafter. If the required return is $11\%$ and the company just paid a $$1\mathrm{.}90$ dividend, what is the current share price?

$19.$ Negative Growth $($LO$1)$ Foxtrap Inc. is a mature manufacturing firm. The company just paid a $$9\mathrm{.}40$ dividend, but management expects to reduce the payout by $4\%$ per year indefinitely. If you require a $10\%$ return on this stock, what will you pay for a share today?