3. The Connell Co. just issued preferred stocks that offers a dividend of $0.5 per share every quarter with the price of $50 per share. What is the interest rate used to price this preferred stock? The Fellini Co. wants to sell preferred stock at $30 per share. What is dividend per share that Fellini will have to offer per quarter by using the same interest rate? (10 points) Show what you input using the financial calculator to get full points. Check your answer: 1) The interest rate is 1% per quarter: 2) The dividend is $0.3 per quarter Answer: Q1: Q2