Question: Thomas Bros. is expected to pay a $2.25 dividend per share at the end of this year (D1). This dividend is expected to grow at

Thomas Bros. is expected to pay a $2.25 dividend per share at the end of this year (D1). This dividend is expected to grow at a constant rate of 6% per year. The required rate of return on the stock is 12%. What is the stock's current value per share?

Hartman Inc.'s stock currently sells for $40.00 a share. It just paid a dividend of $1.25 a share. This dividend is expected to grow at a constant rate of 4% a year. What is the required return on this stock?

Jackson Enterprises recently paid a dividend of $1.70. It currently expects to have a growth rate in the dividend of 11% for the next two years followed by a growth rate of 5% in each year thereafter. If the firm's required return is 9%, what is the stock's intrinsic value today?

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