Really great job. Thank you so much. I really love it. Thank you so much for all of your help.
I need to to have answers for these questions.1) Johnson Corporation JUST PAID a dividend of $4.63. The expected growth rate on dividends is 8 percent. What is the current price of this stock if the required rate of return is 10 percent?2) Grant, Inc. is a fast growing company and its dividend is expected to grow at a rate of 10 percent for the next two years. It will then settle to a constant growth rate of 5 percent. If the last dividend was $6.20 and the required rate of return is 15 percent, what is the current price of the stock?
3)Ajax Company has issued perpetual preferred stock with an annual dividend of $4.80. What is the value of this preferred stock if the required rate of return is 8 percent?
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