A firm issues preferred stock with a dividend of $3.20. If the appropriate discount rate is 6.80% what is the value of the preferred stock? Submit Answer format: Currency: Round to: 2 decimal places. The market price of a share of preferred stock is $20.63 and the dividend is $2.55. What discount rate did the market use to value the stock? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) The market price of a share of preferred stock is $42.57. The market uses a discount rate of 4.15%. What is the dividend