Firm A has always paid a common stock dividend of $4.27 per share each year. They intend to continue paying the same dividend each year forever. If the stock's required return is 8.6%, what is the price per share today? Round your answer to the nearest cent.
Firm K will pay a common stock dividend of $2.47 per share one year from now. They intend to grow the dividend by 3% each year forever. If the stock's required return is 7.1%, what is the price per share today? Round your answer to the nearest cent.
Firm K paid a common stock dividend of $5.6 per share this morning. They intend to grow the dividend by 2% each year forever. If the stock's required return is 8.3%, what is the price per share today? Round your answer to the nearest cent.