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all 3 questions and parts with work on how to get the answer please Problem 1: Brash Corporation initiated a new corporate strategy that fixes

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all 3 questions and parts with work on how to get the answer please
Problem 1: Brash Corporation initiated a new corporate strategy that fixes its annual dividend at $2.05 per share forever. If the risk-free rate is 4.1% and the risk premium on Brash's stock is 11.1%, what is the value of Brash's stock? Problem 2: Slater Lamp Manufacturing has an outstanding issue of preferred stock with a par value of $40 and an 18% annual dividend. a. What is the annual dollar dividend? If it is paid quarterly, how much will be paid each quarter? b. If the preferred stock is noncumulative and the board of directors has passed the preferred dividend for the last 1 quarter, how much must be paid to preferred stockholders in the current quarter before dividends are paid to common stockholders? C. If the preferred stock is cumulative and the board of directors has passed the preferred dividend for the last 1 quarter, how much must be paid to preferred stockholders in the current quarter before dividends are paid to common stockholders? Problem 3: Use the constant-growth model (Gordon model) to find the value of the firm shown in the following table: Dividend expected next year Dividend growth rate Required return $1.24 7.3% 13.3%

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