1) Husky Kennels will pay a quarterly common share dividend of $0.20 at the end of the next quarter. The required rate of return on common shares is 8% and the firm has a constant growth rate of 3 percent. Compute the price of a common share of Husky.

2) B2Y Solutions has preferred shares outstanding that pay an annual dividend of $3 payable quarterly. Each has a price of $75.00. What is the required rate of return on the preferred stock?