A firm issues preferred stock with a dividend of $4.51. If the appropriate discount rate is 10.05% 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 $23.42 and the dividend is $2.84. 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))