Please explain how to solve the following questions STEP BY STEP! The answer is provided but i need to know how to get to it,

Question 1.) Use the Gordon Model to estimate the expected price, E(P₀), of the following stock:

Quarterly dividend per share 5 years ago: $1

Quarterly dividend per share just paid: $1.3382

Current 10-year Treasury bond yield: 3%

Estimated current market risk premium: 8%

Beta of the stock: 1.5

Select one:

a. $63.04

b. $65.67

c. $61.32

d. $59.09

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The correct answer is: $63.04

Question 2.) Based on the following information on GE common stock, calculate the expected price, E(P₀):

Last dividend per share: $5

Growth rate: 20% per year for years 1 through 3, and 10% per year for years 4 to infinity

Required rate of return for the stock: 12%

Select one:

a. $330.98

b. $342.90

c. $355.49

d. $398.61

e. $368.09

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The correct answer is: $355.49

Question 3.) Based on the following information concerning Applied Materials preferred stock,

Preferred dividend per share: $4

Beta: 1.2

Risk free rate: 5%

Market risk premium: 8%

You expect the risk free rate to decrease to 4% and the market risk premium to increase to 10% by the end of year 3. Calculate the expected price in 3 years.

Select one:

a. $25

b. $23.6

c. $26.7

d. $24.2

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The correct answer is: $25

Question 4.) Based on the following data for the AAA stock, what is the implied growth rate? Assume that the stock is currently priced in equilibrium and that the dividend will grow at a constant rate.

Last dividend per share: $5

Beta for the stock: 1.0

Risk free rate: 4%

Market risk premium: 6%

Current market price: $80

Select one:

a. 4.62%

b. 2.75%

c. 4%

d. 3%

e. 3.53%

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The correct answer is: 3.53%