A company has preferred bonds that pay quarterly dividends of 35 cents per share, and investors are requiring a return of 7% per year in oder to buy the stock. What is the current value of the shares? Do not use a dollar sign in your answer. Numeric Response Q Company is expected to pay a dividend of S2 on their common stock next year. Dividends are growing at a constant rate of 3% per year, and investors require a return of 8% on the stock. What is the value of Q Company's common stock? Do not use a dollar sign in your answer. Numeric Response