Answer all questions attached to files in respective order. Thank

Problem 9.15 The First Bank of Flagstaff has Issued perpetual preferred stock with a $100 par value. The bank pays a quarterly dividend of $1.65 on this stock. What E the current price of this preferred stock given a required rate of return of 15.50 percent? (Round answer to 2 decimal! places, e.g. 15.25.} Current price $ Problem 9.1? Each quarter, Sirkota, Inc., pays a dividend on its perpetual preferred stock. deay the stock is selling at $63.21. If the required rate of return for such stocks is 20.0 percent, what Is the quarterly dividend paid by this Slrkuta'? (Round answer to 2 decimal places, e.g. 15.25.) q..............,... .E Problem 9.18 Kay Williams Is interested in purchasing the common stock of Reckers, Inc., whlch is currently prlced at $41.85. The company is expected to pay a divldend of $2.53 next year and to increase its dividend at a constant mute of 1m percent. What should the market value of the stock be if the required rate of return Is 14 percent? (Round answer to 2 decimal graces my. 15.20.) ................. .S Problem 9.21 You own shares of Old lWorld DVD Company and are interated in selling them. ll'e'ith so many people downloading music these days, sales, prots, and divldends at Old World have been declining 6 percent per year. The firm just paid a dividend of $1.30 per share. The required mute of return for a stock this risky is 14 percent. If dividends are expected to decline at 6 percent per year, what Is a share of the stock worth today? (Do not want! lntemiedlate calculations. Round answer to 2 decimal places, e._q. 15.20.) Marshmrm s: Problem 9.14 XCentric Energy Company has issued perpetual preferred stock wlth a stated (par) value of $100 and a dlvidend of 3.0 percent. If the required rate of return is 3.25 percent, what is the stock's current market price? (Round answer to 2 decimal! places, e.g. 15.25.} mm"... s: Problem 9.2? Staggert Corp. wlll pay divldends of $5.00, $5.25, $4.?5, and $3.00 In the next four years. ThereaFter, management expects the dividend growth rate to be constant at 5.00 percent. If the requlred rate of return is 15.5 percent, what is the current value of the stock? (Round Intemredlate calculations and nal answer In 2 decimal places, e.g. 15. 20.) c.......... s|:|