Please answer questions 2-5.

* Question Completion Status: QUESTION 2 A stock paid an annual dividend yesterday of $4 per share. Dividends are expected to grow at 5.5% per year. If the stock has a beta of .85, the risk-free rate is 3%, and the expected market return is 9.5%, what is the stock's intrinsic value today? (this is yet another way of phrasing a question asking you to find PO.) QUESTION 3 What will the value of the stock in the previous question be in 3 years if the risk-free rate and expected market retun have risen to 4% and 10.25%, respectively, at that time? Calculate D4 using the div growth rate, calculate the new CAPM r, then use DGM to find P3. QUESTION 4 A stock is expected to pay its first annual dividend 5 years from now. If that dividend will be $2.50 and dividends after that are expected to grow at 3% per year, what is the stock worth today given a 12% required return? QUESTION 5 A stock is expected to pay annual dividends of $3, $4, $5, $6, and $7 over the next five years, respectively. If you believe you will be able to sell the stock for $100 in 5 years (immediately after receiving the $7 dividend specified previously), what is the value of the stock today if the risk-free rate is 5%, the market risk premium is 4.5%, and the stock has a beta of 1.8