1. You own Somner Resources preferred stock, which pays annual dividends of $3.40 per share. a. If Sonmer's preferred stock currently sells for $40 per share, what is your expected rate of return? b. If you require an 8% return, what is the value of the preferred stock to you? c. Should you sell or buy more Sonmer Resource preferred stock? Why? a. 1. Header Motor, Ine, common stock paid a $3.50 dividend last year. At a constant growth rate of 5%, what is the value of the common stock if the investors require a 20% fate of retam? 1. Positive Tronics Industries preferred stock pays a dividend of 54.00 per share. It presently sells for 585 per shate. What do investors expect as a rate of retum on this stock? 1. Made-It, Inc, common stock currently sells for $22.50 per share. The company's executives paid a $2.00 dividend and anticipate a constant growth rate of 10%. a. What is your expected return if you buy the common stock at the current market price of $22.50 per share? b. If you require a 17% return, what is the value of the common stock to you? c. Should you purchase the stock? Why? rbar=Ves= c