A share of preferred stock pays a dividend of 50.50 each quarter. If you are willing to pay $20.00 for this preferred stock, what is your annual rate of return? 10% 8% 6% 12% 14% The last dividend on Spires Corporation's common stock was $4.00 and the expected growth rate is 10 percent if you require a rate of return of 20 percent, what is the highest price you should be willing So pus fix this stock? $40 $38.50 $44 $45.69 $50.00