Question: Please be detailed, I really need help in this class, please go step by step. Thanks 1) How much would you pay for a stock

Please be detailed, I really need help in this class, please go step by step. Thanks

1) How much would you pay for a stock that offered $2 dividends quarterly if your annual required return was 8%.

2) Suppose you bought a stock for $28. Its dividend this quarter was $1 and that dividend is expected to grow by 4% annually. What would be your annual rate of return?

3) How much would you pay today for a stock that will start paying a $1.3 quarterly dividend in 5 years. That dividend is expected to grow by 1% annually and your required rate of return is 10% annually.

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