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1 A firm issues preferred stock with a dividend of $4.38. If the appropriate discount rate is 7.83% what is the value of the preferred

1
A firm issues preferred stock with a dividend of $4.38. If the appropriate discount rate is 7.83% what is the value of the preferred stock?
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Answer format: Currency: Round to: 2 decimal places.
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#2
The market price of a share of preferred stock is $20.34 and the dividend is $2.06. What discount rate did the market use to value the stock?
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Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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#3
The market price of a share of preferred stock is $46.69. The market uses a discount rate of 8.75%. What is the dividend?
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Answer format: Currency: Round to: 2 decimal places.
Answer format: Number: Round to: 2 decimal places.

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