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1. What would be the current desired stock price of a share of Bowden Corporation stock that pays a P2 dividend and will be worth

1. What would be the current desired stock price of a share of Bowden Corporation stock that pays a P2 dividend and will be worth P110 in 1 year? A 12% return on equity is required.

2. A company recently issued 9% preferred stock. The preferred stock sold for P40 a share with a par of P20. The cost of issuing the stock was P5 a share. What is the company's cost of preferred stock?

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