1. (5 points) Firm ABC issued a prefer stock with promised dividend of $2.4 per year. If the required rate of return is 12%, how much is the fair value of this preferred stock? 2. (5 points) You plan to invest in securities that pay 11.2%, compounded annually. If you invest $5,000 today, how many years will it take for your investment to grow to $9.140.20? 3. (10 points) You expect to receive an inheritance. The inheritance will be disbursed in 10 equal payments of S10.000. beginning five years from now. If the annual interest rate is 7%, how much is it worth today