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I need to to have answers for these questions. 1) Johnson Corporation JUST PAID a dividend of $4. The expected growth rate on dividends is 8 percent....

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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