can anyone help me to solve these q?please!!

Question 17 The preferred stock of The House of Cards is selling for $31.37 a share. What is the amount of the annual preferred dividend on this stock if the required return is 5.1 percent? Question 18 Midland Trading Incorporated just make the following announcement: "The common shareholders and the preferred shareholders have voted Mr. Jason Leung to be the new member of the board of director. Furthermore, given the current situation, we regret to inform the shareholders that the company will not be paying any preferred dividend this year. However, we will still pay a common dividend of $0.50 per share this year." Comment on what is wrong (if any) with the above announcement