3. MYG Corporation just issued some new preferred stock. The issue will pay an annual dividend of $2.50 in perpetuity, beginning 4 years from now. If the market requires a return of 5 percent on this investment, how much does a share of preferred stock cost today? ( 6 marks) 4. EYP Inc. stock is selling for $25 per share. The next dividend will be $0.80 per share, and the dividend is expected to grow at 4 percent forever. What is the dividend yield? The capital gain yield? The total required return? (4 marks) 5. MBT Inc. will pay a dividend of $1.80 per share next year. Dividends are expected to grow at a rate of 7% until the end of year 3, and will grow at a constant rate of 2% thereafter. What is the current share price of the common stock if investors require a return of 10% on common stock? (8 marks)