Maynard steel plans to pay a dividend of $ 3.18 this year. the company has an expected earnings growth rate of 3.9 % per year and an equity cost of capital of 9.8 %. a. assuming maynard's dividend payout rate and expected growth rate remain constant, and that the firm does not issue or repurchase shares, estimate maynard's share price. b. suppose maynard decides to pay a dividend of $ 0.97 this year and use the remaining $ 2.21 per share to repurchase shares. if maynard's total payout rate remains constant, estimate maynard's share price. c. if maynard maintains the dividend and total payout rate in (b), at what rate are maynard's dividends and earnings per share expected to grow?

John and daphne are saving for their daughter ellen's college education. ellen just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). college tuition and expenses at state u. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).so far, john and daphne have accumulated $15,000 in their college savings account (at t = 0). their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. they expect their investment account to earn 9%. how large must the annual payments at t = 5, 6, and 7 be to cover ellen's anticipated college costs? a. $1,965.21b. $2,068.64c. $2,177.51d. $2,292.12e. $2,412.76