#2 The market price of a share of preferred stock is $22.05 and the dividend is $2.63. What discount rate did the market use to value the stock? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) unanswered not_submitted Attempts Remaining: Infinity #3 Points: 0/5 Grade: 0 % Progress: 0 % Hide #1 A firm issues preferred stock with a dividend of $3.76. If the appropriate discount rate is 8.47% what is the value of the preferred stock? Submit Answer format: Currency: Round to: 2 decimal places. unanswered not submitted Attempts Remaining: Infinity