16) The Western State Company's common stock is expected to pay a $2.00 dividend in the coming year. If investors require a 17% return and the growth rate in dividends is expected to be 8%, what will the market price of the stock be? A) $23.11 B) $11.7 C) $22.22 D) $24.00 17) AdA, Inc, has an issue of preferred stock that pays a dividend of $4.00. The preferred stockholders require a rate of return on this stock of 9%. At what price should the preferred stock sell for? A) $36.00 B) $88.80 C) $44.40 D) $62.50