A preferred stock just paid a dividend of $15. If you require 12%, what is the price of the stock?

		$80.00
		$12.00
		$15.00
		$125.00

Tian Semiconductors has a required rate of return of 11%, the marginal investor expects its next dividend to be $1.00, its expected growth rate is a constant 5.0%, and the stock's current market price is $20 per share. This stock is in equilibrium. True or false?

		True
		False