1) If investors require an 8% return, and the preferred stock pays an annual end-of-year dividend of $6.75, what is the market price per share?

a $84.38 b $84.20 c $83.98 d $83.75

2) Compute the price of the stock if the required return is 19.2%, the growth rate is 14%, and current dividend is $3.43

a $70.25 b $72.50 c $75.20 d $74.10