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7. Stock Valuation (LO1) Goulds Corp, pays a constant $9.75 dividend on its stock The company will maintain this dividend for the next 11 years

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7. Stock Valuation (LO1) Goulds Corp, pays a constant $9.75 dividend on its stock The company will maintain this dividend for the next 11 years and will then cease paying dividends forever. If the required return on this stock is 10 percent, what is the current share price? 8. Valuing Preferred Stock (LO1) Big Pond Inc has an issue of preferred stock outstanding that pays a $4.75 dividend every year in perpetuity. If this issue currently sells for S93 per share, what is the required return

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