A firm issues preferred stock with a dividend of $3.93. If the appropriate discount rate is 9.77% what is the value of the preferred stock? Answer format: Currency: Round to: 2 decimal places. The market price of a share of preferred stock is $20.58 and the dividend is $2.36. What discount rate did the market use to value the stock? 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 $32.67. The market uses a discount rate of 9.45%. What is the dividend? Answer format: Currency: Round to: 2 decimal places. Caspian Sea is considering raising $23.00 million by issuing preferred stock. They believe the market will use a discount rate of 9.12% to value the preferred stock which will pay a dividend of $3.04. How many shares will they need to issue? Answer format: Currency: Round to: 0 decimal places