3. You are given the following information for the common stock of ABC Inc.: (1) The risk free rate is 2%. (2) The rate of return on the market is 8%. (3) The expected growth rate in dividends is 4%. (4) The last dividend paid was $0.80 per share. (5) Beta is 1.0 a) What price should ABC sell for today? ( 8pts) b) What price should ABC sell for, if the growth rate in dividends increase to 6% and beta increases to 1.5. ( 6pts) c) If beta remains at 1.5, compute the price of the preferred stock of ABC. ( 6pts)