1. Graphical Designs is offering 10-10 preferred stock. The stock will pay an annual dividend of $10 with the first dividend payment occurring 10 years from today. The required return on this stock is 4.20 percent. What is the price of the stock today?

2. Fowler is expected to pay a dividend of $1.83 one year from today and $1.98 two years from today. The company has a dividend payout ratio of 45 percent and the PE ratio is 19.05 times. If the required return on the company's stock is 12 percent, what is the current stock price?

3. Rise Above This has sales per share of $20.31 that is expected to grow at 5.2 percent per year. The PS ratio is 1.83 times. What is the projected stock price in 7 years?

4. Erna Company is expected to pay a dividend of $2.53 one year from today and $2.68 two years from today. The company's sales in two years are expected to be $15,750,000. The company has a PS ratio of 1.71 times, and 524,500 shares outstanding. If the required return on the company's stock is 11 percent, what is the current stock price?