1. The preferred stock of Rolling Sand Company pays a $4.50 annual dividend. What is the value of the stock if your required rate of return is 10%?
2. Preferred stock of Leaping Dolphin Inc. pays 8% on the $100 par value. What is the value of the stock if the appropriate discount rate is 6%?
3. Waterloo Corp. preferred stock is selling for $33 per share in the market and pays a $3.60 annual dividend.
   1. Whatistheexpectedrateofreturnonthestock?
   2. Ifaninvestor'srequiredrateofreturnis10%,whatisthevalueofthestockforthatinvestor?
   3. Shouldtheinvestoracquirethestock?Whyorwhynot?
4. Bing Company common stock paid $1.25 in dividends last year and is expected to grow indefinitely at an annual rate of 7%. What is the value of the stock if you require a 10% return?
5. You intend to purchase ZZZZ Last Corp. common stock at $50 per share, hold it 1 year, and then sell it after a $6 dividend is paid. How much will the stock price have to appreciate for you to satisfy your required rate of return of 16%?
6. WaldoComputerChipsInc.'scurrentstockpriceis$36,anditslastdividendwas$2.40.InviewofWaldo'sstrongfinancialposition,itsrequiredrateofreturnisonly12%.Ifdividendsareexpectedtogrowataconstantrateinthefuture,andifrsisexpectedtoremainat12%,thenwhatisWaldo'sexpectedprice5yearsfromnow?

Please show calculations. Thank you