1. DEF Inc. is expected to pay dividends of $1, $1.50, and $2 during the next three years. After that, dividends are expected to grow at 5% per year. If the market demands a return of 11%, what should be the price of DEF today?(Round to the nearest cent and do not enter a dollar sign)

2. If the market demands a return of 11% on a preferred stock with a 7% coupon, at what price will it trade assuming a par of $100?(Round to the nearest cent and do not enter a dollar sign)

3. What is the annual dividend on 6% preferred stock, assuming a par value of $100?(Round to the nearest cent and do not enter a dollar sign)

4.investors only require an 8% annual return on a 9% preferred stock. What should the stocks price be? Assume $100 par.(Round to the nearest cent and do not enter a dollar sign)