A company's Earnings per Share is $4.20. It has common stock which paid $2.00 per share in dividends for the year just ended. The common dividends have grown at a 8% annual rate. The company's preferred shares pay a $5.50 per share dividend. The Return on Equity is 15% for the company. The required rate of return on investments similar to the preferred stock is 9% and for investments similar to the common stock is 11%. The P/E ratio for similar companies is 18. Estimate the common stock price using the Price/Earnings Model. O $72.00 O $63.00 O $75.60 O $46.20 A company's Earnings per Share is $4.20. It has common stock which paid $2.00 per share in dividends for the year just ended. The common dividends have grown at a 8% annual rate. The company's preferred shares pay a $5.50 per share dividend. The Return on Equity is 15% for the company. The required rate of return on investments similar to the preferred stock is 9% and for investments similar to the common stock is 11%. The Price/Earnings Ratio for similar companies is 18. Estimate the common stock price using the Dividend Constant Growth Model. $75.60 O $66.67 O $72.00 O $140.00