CONSTANT GROWTH VALUATION Tresnan Brothers is expected to pay a $3.6 per share dividend at the end of the year (i.e., D1= $3.6). The dividend is expected to grow at a constant rate of 6% a year The required rate of return on the stock, rs, is 9%. What is the stock's current value per share? Round your answer to two decimal places. PREFERRED STOCK VALUATION Farley Inc. has perpetual preferred stock outstanding that sells for $38.00 a share and pays a dividend of $3.00 at the end of each year. What is the required rate of return? Round your answer to two decimal places