Questions 1,3,4 with work shown please

10 points Save Answer QUESTION 1 A stock pays out $1.2 per quarter, this is expected to grow at a 1% rate per quarter forever. If the expected return of the stock is 10% per year, what is the current expected stock price (Remember to keep time consistent, quarter v.s. year) (Please write in decimal format using 5 decimal places and do not use the $ symbol) QUESTION 2 10 points Saved My grandfather use to write me a check for $90 every year on my birthday. Lets assume he wanted to buy a perpetuity that would payout $90 per year forever. How much will that cost today if you assume an interest rate of 5% compunded annually? (Please use at least 5 decimal places and do not use $ symbol in the answer) 1800 10 points Save Answer QUESTION 3 Assume just received 3 million dollars from a major donor and the school's fund can earn a 6.6% interest rate (compounded yearly). If the school uses the interest to payout a yearly scholarships, how much can the school payout in yearly scholarships due to this donation? (Please use at least 5 decimal places and do not use $ symbol in the answer) 10 points Save Answer QUESTION 4 Afirm's stock price is 24 and the company pays out a dividend of 1.49 per year. If you have a required rate of return of 8, what is the expected growth rate given the current stock price and required rate of return? (Please write your answer in decimla format, for example if the answer is 3.1235%, please write 031235)