a) Suppose Nabisco Corporation just issued a dividend of $2.87 per share yesterday. Subsequent dividends will grow at a constant rate of 3.87% indefinitely. If the required rate of return for this stock is 10.52% , what is the value of a share of common stock today?

b) What is the value of a share of preferred stock that promises to pay $1.32 every year,indefinitely, if you have a required rate of return of 11.93% ?