The preferred stock described in the problem has an annual dividend of $$3\mathrm{.}80$ per share and a current market price of $$93$ per share. Using this information, calculate the following:

$1.$ value $($not market price$)$ given a required rate of return of $10\%$ per year, compounded annually

$2.$ value $($not market price$)$ given a required rate of return of $12\%$ per year, compounded annually

$3.$ expected return based on the market price given in the problem.