5) Glow Inc. has issued $100 par value preferred stock, which pays a semi-annual preferred dividend. The required rate of return on the preferred stock is 8%, and it trades in the market at $112 per share today a) What is the nominal annual preferred dividend that each share of the preferred stock pays? b) The firm announces that they will redeem the preferred stock in 5 years at a redemption price of $128 per share. If Brad bought a share of preferred stock today at $112, and held it till the preferred stock is redeemed, what is his expected rate of return from the investment