5. A. A preferred stock from Duquesne Light Company pays $2.10 in annual dividends. If the required rate of return on the preferred stock is 5.4 percent, what is the fair present value of the stock? B. Financial analysts forecast Safeco Corp. growth for the future to be 10 percent. Safeco's recent dividend was $1.20. What is the fair present value of Safeco stock if the required rate of return is 12 percent? C. Ecolap Inc. recently paid a $0.46 dividend. The dividend is expected to grow at a 14.5 percent rate. At a current stock price of$44.12, what return are shareholders expecting