1. A stock is expected to pay a dividend of $2.00 the end of the year (that is, D1 = $2.00), and it should continue to grow at a constant rate of 10% a year. If its required return is 12%, what is the stock's expected price 2 years from today? Round your answer to two decimal places.
2. PeteCorp's stock has a Beta of 1.33. Its dividend is expected to be $2.53 next year, and will grow by 4% per year after that indefinitely. Assume the risk-free rate is 4%, and the Market Risk Premium is 8%. The stock price would currently be estimated to be $________.
3. You have found a home that appraised for $230,000. You are planning to finance 90% Loan To Value with a fixed rate mortgage for 30 years at 4.5%. What is the balance of your loan at the end of 15 years?