Q1) Suppose Nabisco Corporation just issued a dividend of $2.71 per share yesterday. Subsequent dividends will grow at a constant rate of 3.10% indefinitely. If the required rate of return for this stock is 14.66% , what is the value of a share of common stock today?

1a. What is the value of a share of preferred stock that promises to pay $1.18 every year,indefinitely, if you have a required rate of return of 12.84% ?