1. ABC, Inc pays dividends annually. If the company has been paying dividends at a constant growth rate and the expected dividend payment in year 3 is $3.05 and in year 10 is 8.37, what is the implied growth rate for the company's stock price?
2. For a very unusual reason, Bowman Corp. will not pay any dividends in years 5,6,7,8 but other than those years, the company pays a constant $13 dividend on its stock. If the required return on this stock is 10 percent, what is the current share price?
3. A stock is expected to pay $X in 3 years and $1.7X in 10 years. Those are the only two dividends that the shareholders will receive in the future. If the current stock price is $50.00 and the discount rate is 6%, what is the value of X?