1. Suppose that today's stock price is $55.46. If the required rate on equity is 15.6% and the growth rate is 9.8%, compute the expected dividend (i.e. compute D1)
2. ______bonds pay interest that is taxed only at the federal level.
E. Zero coupon
3. ABC Inc. last paid an annual dividend of $21.1.The dividends are expected to grow by 1% each year. What is the amount of expected dividend in Year 11. That is, what is D11?