Chapter 7 HW Help Save& Exit Submit 2 Problem 7-13 Preferred Stock (LO2) Preferred Products has issued preferred stock with an annual dividend of $5.90 that will be paid in perpetuity a. if the discount rate is 1000%, at what price should the preferred sell? (Round your answer to 2 decimal places.) 10 b. At what price should the stock sell 1 year from now? (Round your answer to 2 decimal places) c. What is the dividend yield, the capital gains yield, and the expected rate of return of the stock? (Enter your answers as a whole