(5 points) A preferred stock pays a dividend of $1.30. The rate of return is 7%. What is its price?

(5 points) A preferred stock pays a dividend of $5.00. If its price is $65, what is the rate of return?

(5 points) A stock paid a dividend of $.60 last year. It is growing at 7% a year and the investors rate of return is 12%. What is the price of the stock?