Consolidated Industries' preferred stock currently sells for 24.75 per share and pays an annual dividend of $1.20 per share. What is the compound annual rate of return you would earn on this investment?

Question 13 options:

	4.85%
	4.46%
	5.24%
	5.43%
	5.53%

Amalgamated Industries currently pays no dividends. It will begin paying dividends in 9 years. Its first dividend will be $4.20, and future dividends will grow at 3% per year. If investors require a 9% return, what is the current stock price?

Question 14 options:

	$33.37
	$35.13
	$31.97
	$34.08
	$32.23