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1.Columbus Manufacturing's stock currently sells for $ 29.10 ashare. The stock just paid a dividend of $3.50 a share(i.e.,D0). The dividend is expected to grow at aconstant rate of 4 % a year. What stock price is expected one yearfrom now (P1)? Round your answer to two decimalplaces.2.Columbus Manufacturing's stock currently sells for $ 23.81 ashare. The stock just paid a dividend of $2 a share(i.e.,D0=2). The dividend is expected to grow at aconstant rate of 5 % a year. What is the required rate of return onthe company's stock? Express your answer in percentage, and roundit to two decimal places, i.e., 13.54, for examplefor 0.1354)3.A company has just paid a dividend of $ 4 per share,D0=$ 4 . It is estimated that the company's dividendwill grow at a rate of 18 % percent per year for the next 2 years,then the dividend will grow at a constant rate of 5 % thereafter.The company's stock has a beta equal to 1.4, the risk-free rate is4.5 percent, and the market risk premium is 4 percent. What is yourestimate of the stock's current price? Round your answer to twodecimal places.