1. Sanford common stock is expected to pay ?$1.85 in dividends next? year, and the market price is projected to be ?$42.50 per share by? year-end. If investors require a rate of return of 11 ?percent, what is the current value of the? stock?

The current value of the stock is ?$__________ ?(Round to the nearest? cent.)

2. Schlumberger is selling for $72.78 per share and paid a dividend of $1.09 last year. The dividend is expected to grow at 5 percent indefinitely. What is the? stock's expected rate of? return?

The? stock's expected rate of return is ______ ?(Round to two decimal? places.)

3. Zust preferred stock is selling for ?$39.12 per share and pays ?$2.10 in dividends. What is your expected rate of return if you purchase the security at the market? price? Your expected rate of return is ___________ ?(Round to two decimal? places)