Common stock value - Constant growth Use the constant-growth model (Gordon growth model) to find the value of the firm shown in the following table: (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) The value of the firm's stock is $ (Round to the nearest cent.) Preferred stock valuation TXS Manufacturing has an outstanding preferred stock issue with a par value of $61 per share. The preferred shares pay dividends annually at a rate of 11%. a. What is the annual dividend on TXS preferred stock? b. If investors require a return of 7% on this stock and the next dividend is payable one year from now, what is the price of TXS preferred stock? c. Suppose that TXS has not paid dividends on its preferred shares in the past two years, but investors believe that it will start paying dividends again in one year. What is the value of TXS preferred stock if it is cumulative and if investors require a(n) 7% rate of return? a. The annual dividend on TXS preferred stock is $ (Round to the nearest cent.)