$($Questions $1-13)$

Stock Values $[$LO$1]$ The RLX Co$.$ just paid a dividend of $$3\mathrm{.}20$ per share on its stock. The dividends are expected to grow at a constant rate of $4$ percent per year indefinitely. investors require a return of $10\mathrm{.}5$ percent on the company's stock, what is the current price? What will the price be in $3$ years? In $15$ years?

Stock Values $[$LO$1]$ The next dividend payment by Im$,$ Inc., will be $$1\mathrm{.}87$ per share. The dividends are anticipated to maintain a growth rate of $4\mathrm{.}3$ percent forever. If the stock currently sells for $$37$ per share, what is the required retum?

Stock Values $[$LO$1]$ For the company in the previous problem, what is the dividend yield? What is the expected capital gains yield?

$2$ Stock Values $[$LO$1]$ Five Star Corporation will pay a dividend of $$3\mathrm{.}04$ per share next year. The company pledges to increase its dividend by $3\mathrm{.}75$ percent per year indefinitely. If you require a return of $11$ percent on your investment, how much will you pay for the company's stock today?