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Carpenter, Inc. has preferred stock that pays a dividend of $2.32 at the end of each year. If your required rate of return is 8.55%,

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Carpenter, Inc. has preferred stock that pays a dividend of $2.32 at the end of each year. If your required rate of return is 8.55%, what is the value of this preferred stock? a) $15.27 b) $22.22 Od) $24.32 d) $27.13 Oe e) $35.89 Pi, Inc. just paid a $3.85 per share dividend yesterday.(that is, Do). The dividend is expected to grow at a constant rate of 2% a year. The required rate of return on the stock, rs, is 17% What is the stock's current value per share? a) $19.16 Ob) $26.18 c) $48.49 d) $53.89 O e) $69.00

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