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1. A share of preferred stock with an annual dividend of $10 has an expected return of 2.5% annually. What is the current estimated price
1. A share of preferred stock with an annual dividend of $10 has an expected return of 2.5% annually. What is the current estimated price of the preferred stock?
2. Hoth, Inc. will pay a dividend of $5 next year. Dividends are expected to grow at 1% after next year's dividend. The required rate of return for similar stocks is 9%. What is the current value of Hoth, Inc. stock?
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