In: Finance
1.
Given the following information, what is the percentage dividend yield between today and period 1?
| 
 Today’s Dividend =  | 
 $3.43  | 
| 
 Expected Growth rate in dividends =  | 
 2.97  | 
| 
 Discount Rate (Required return) =  | 
 6.16  | 
Calculate your answer to two decimal places (e.g., 2.51)
2.
Given the information in the table, what is the price of the stock in YEAR 1?
| 
 Today’s Dividend  | 
 $4.47  | 
| 
 Discount Rate  | 
 8.31%  | 
| 
 Growth rate in dividends 0 to 1  | 
 9.90%  | 
| 
 Growth rate in dividends 1 to 2  | 
 9.11%  | 
| 
 Growth rate in dividends 2 to 3  | 
 5.60%  | 
| 
 Growth rate in dividends 3 onward  | 
 3.14%  |