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1. 2. Achi Corp. has preferred stock with an annual dividend of $2.93. If the required return on Achi's preferred stock is 7.5%, what is

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Achi Corp. has preferred stock with an annual dividend of $2.93. If the required return on Achi's preferred stock is 7.5%, what is its price? (Hint: For a preferred stock, the dividend growth rate is zero.) Achi's stock price will be $. (Round to the nearest cent.) NoGrowth Corporation currently pays a dividend of $0.46 per quarter, and it will continue to pay this dividend forever. What is the price per share of NoGrowth stock if the firm's equity cost of capital is 11.6%? The stock price is $D (Round to the nearest cent.)

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