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a. Victoria Corp. preferred stock pays $3.15. What is the value of the stock if your required rate of return is 8.5% (round your answer to the nearest $1, andassume no transaction costs).

b. Hamidou, Inc. expects its dividends to grow at a constant rate of 6% per year forever. The company paid a dividend of $4 per share last year. If stockholders require a rate of return of 12% per year, how much is the value of a share of common stock today?

c. Lei, Inc. anticipates to pay a dividend of $2 per share next year. Dividends are expected to grow at the constant rate of 5% per year forever. If common stockholders require a rate of return of 15%, what should be the value common stock of Lei?

d. What is the value of a preferred stock that pays a $2.10 dividend to an investor with a required rate of return of 11%

e. You are considering the purchase of Tamika Williams Company stock. You anticipate that the company will pay dividends of $2.00 per share next year and $2.25 per share the following year. You believe that you can sell the stock for $17.50 per share two years from now. If your required rate of return is 12 percent, what is the maximum price that you would pay for a share of Tamika Company stock?