1. You find a stock that just paid a dividend of $1.50 that is expected to grow at 6%. If the required return on the stock is 11%, what should be the price of the stock in six years?
2. If a stock's beta increases, with no other changes, what should happen to the price of the stock?
3. A stock priced at $53 just paid a dividend of $2.25. If you require a return of 16% for this stock, what is the minimum growth rate you would require from this stock?