Annual dividends of General Electric (GE) grew from $0.79 in 2001 to $1.16 in 2006. What was the annual growth rate? (Round your answer to 2 decimal places.)
Financial analysts forecast Safeco Corp.’s (SAF) growth rate for the future to be 8 percent. Safeco’s recent dividend was $1.75. What is the value of Safeco stock when the required return is 10 percent?
Paychex Inc. (PAYX) recently paid an $0.88 dividend. The dividend is expected to grow at a 15 percent rate. The current stock price is $64.11. What is the return shareholders are expecting? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)