1.Mackery, Inc., has an outstanding issue of preferred stock that pays a $5.56 dividend every year. If this issue currently sells for $110.36 per share, what return to market investors require on it currently? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).)

2.ASD Corp. will pay a dividend of $2.08 on each of its common shares next year. The company has stated that it will maintain a constant growth rate of 5% per year forever. If you require 7% return to invest in ASD stock (and assuming you agree with ASD's growth projections), how much will you pay per share? (Do not include the dollar sign ($). Round your answer to 2 decimal places (e.g., 32.16).)

3.Solinux, Inc., is a young start-up company and will not pay dividends on its stock for the next 8 years, since the firm needs to plow back its earnings to fuel growth. The company will then pay a $2.72 per share dividend in year 9 and will increase the dividend by 4.1 percent per year thereafter. If investors require 8.2 percent return to invest in this stock, what is its current share price? (Do not include the dollar sign ($). Round your answer to 2 decimal places (e.g., 32.16).