Analogue Technology has preferred stock outstanding that pays a $11.45 annual dividend. It has a price of $147. What is the required rate of retum (yield) on the preferred stock? \begin{tabular}{|l|} \hline 7.21% \\ \hline 8.47% \\ \hline 51.63% \\ \hline 7.79% \\ \hline \end{tabular} Question 8 1 pts Stagnant Iron and Steel currently pays a $10.60 annual cash dividend (D0). They plan to maintain the dividend at this level for the foreseeable future as no future growth is anticipated. If the required rate of return by common stockholders (Ke) is 21 percent, what is the price of the common stock? $43.12 $50.48 $49.53 $50.21