do not use handwriting please.

1. JCT Inc. common stock is selling for $50 a share. If the expected dividend at the end of the year is $1.20 and last year's dividend was $1.00, what is the rate of return implicit in the current stock price?

3. 2. Resume Inc. preferred stock has a 4% stated dividend percentage, and a $100 par value. What is the value of the stock if your required rate of return is 7% per year?