6.3 - Preferred Stock 2) Suppose a share of preferred stock sells for $55.53 and pays a dividend of $6.04 each period. What is the discount rate? 3) A share of preferred stock sells for $68.55 and has a discount rate of 12.79%. How much is the dividend? 4) A share of preferred stock pays a dividend of $4.93 and has a discount rate of 14.8%. What is the price?