CMS Energy Inc preferred stock pays an annual dividend of $11 per share. Assume the next dividend will be paid in one year. Investments of similar risk have an expected return of 5%. What is the value of CMS Energy's preferred stock today? Question 2 0.5 pts MIND Energy Inc preferred stock pays an annual dividend of 11$ per share. Assume MIND Energy is about to pay its next preferred dividend. Investments of similar risk have an expected return of 6%. What is the value of MIND Energy's preferred stock today? Con Edison is expected to pay a $6 dividend per share in one year. The dividend is then expected to grow at 4% per year forever. Con Edison's cost of equity is 16%. What is the value of Con Edison's stock today? Question 4 0.75 pts Caterpillar Inc has just paid a $7 dividend per share. The dividend is expected to grow at 6% per year forever. The next dividend will be paid in one year. Caterpillar's cost of equity is 14%. What is the value of Caterpillar's stock today? Flying High Inc is expected to pay a $3 dividend per share in one year. The dividend is then expected to grow at a rate of 30% per year for 3 years and subsequently at a lower rate of 7% forever after. The discount rate is 16%. What is the value of Flying High's stock? Question 6 0.75 pts You have landed your dream summer internship, and your boss has asked you to value a company. You estimate that the company will generate the following future cash flows: $260 in one year, $170 in two years, $330 in three years, $410 in four years and $710 in five years. In addition, you estimate that after year five the cash flows will grow at 2.4% per year forever. Securities of similar risk provide an expected return of 14%. What is the value of this company today?