1. Sanford common stock is expected to pay $1.85 in dividends next year, and the market price is projected to be $42.50 per share by year-end. If investors require a rate of return of 11 percent, what is the current value of the stock?

The current value of the stock is $__________(Round to the nearest cent.)

2.Schlumberger is selling for $72.78 per share and paid a dividend of $1.09 last year. The dividend is expected to grow at 5 percent indefinitely. What is the stock's expected rate of return?

The stock's expected rate of return is ______ (Round to two decimal places.)

3.Zust preferred stock is selling for $39.12 per share and pays $2.10 in dividends. What is your expected rate of return if you purchase the security at the market price?Your expected rate of return is ___________ (Round to two decimal places)