John Brown is interesting in investing in stocks. Please assist him in calculating the following:

a. The Jamaica Stock Exchange has reported at the end of today's trading, the stock price of CPJ is $50. Investors require a ten percent rate of return on stocks of a similar nature. If the company's next dividend is $3.50, what growth rate is expected for CPJ? (4 marks)

b .Grace Kennedy issued 8 % -$300 000 preference shares at par 9 years ago. These shares are now valued $395 000. What are the investors required rate of return for these preference shares?(4 marks)

c. John Brown is contemplating the purchase of BNS ordinary shares at the beginning of the year. The dividend is expected to be $2.20 and the market price at the end of the year is projected to be $50. If the investors required rate of return is 20%, what is the value of the security?