4-What is the price of a share of stock if the beta is 2, its next dividend is projected to be $2 and its growth rate is expected to be a constant 5%, assuming the market return is 15% and the risk-free rate is 7%?

3-A share of preferred stock has a par value of $20. It pays a 3% dividend. If the required return is 7 %, what is the price of the stock?