Please, show work for all four problems. not excel or a calculator.

32. The dividend of a company with a constant growth has increased from $3 to $3.15 over the last year. If the required rate of return is 10%, what is the value of the stock today?

A. $63 B. $66.15 C. $67.75 D. $68.80 E. $69.86

33. A stock will not pay a dividend for 6 years. At the end of the seventh year, it will pay a dividend of $7. This dividend will have constant growth of 4% thereafter. If the required rate of return for this stock is 13%, what is its value today

A. $33.06 B. $36.03 C. $37.36 D. $38.74 E. $40.22

34. A company will not pay a dividend for the first 2 years. In 3 years they anticipate that dividend will be $5 and it will grow 20% for one year and then have constant growth of 5% forever. If the required rate of return for this stock is 13%, what is the value of the stock today?

A. $56.40 B. $57.48 C. $59.78 D. $55.44 E. $63.50

35. A companys stock is currently selling for $50. The expected dividend in one period is $2 and the required return is 12%. What is this firms dividend growth rate assuming constant growth?

A. 6% B. 8% C. 10% D. 11% E. 12%