8.An investment that will give you monthly payments for 10 years costs $98,851. If your required return is 11.54%, what is the monthly payment?

9.A preferred stock will pay a dividend of $2 per year. If the annual return is 6.56%, what is the stock worth today?

10.A preferred stock will pay a dividend of $2 per quarter. If the annual return is 7.56%, what is the stock worth today?