8. The market price of a stock is $2.89 and it just paid $5.19 dividend. The dividend is expected to grow at 1.98% forever. What is the required rate of return for the stock? a. 11.59% b. 11.79% c. 11.99% d. 12.19% 9. Caspian Sea is considering raising $26.00 million by issuing preferred stock. They believe the market will use a discount rate of 10.89% to value the preferred stock which will pay a dividend of \$3.45. How many shares will they need to issue? a. 820,696 b. 807,041 c. 753,623 d. 739,726 10. The riskless rate is 3.90% and the expected rate of return on the market 9.63%. A stock with a of 1.43 will have an expected return of %. a. 11.83% b. 12.09% c. 12.71% d. 14.81%