Dark Brew, Inc. preferred shares have a par value of $100 and offer an annual dividend at 0.85% of par value. Reduced demand for premier dark beer shoes has created cash flow problems for the company so Dark Brew has suspended dividends on the preferred shares. Analysts do not expect the dividends to resume for another 2 years, at which point they are expected to resume in perpetuity. If investors require a return of 5.25%, then what is the fair price for the preferred shares today? A. more than $16.40 B. more than $15.65 but less than $16.40 C. more than $14.90 but less than $15.65 D. more than $14.15 but less than $14.90 E. less than $14.15

Green Mart's common shares are currently trading for $68.25 and the company paid its annual dividend of $1.10 per share. If your required rate of return is 8%, what is the implied growth rate in dividends? (Assume that dividends are expected to grow at a constant rate in perpetuity.) A. more than 5.12 percent but less than 5.38 percent B. more than 5.38 percent but less than 5.64 percent C. more than 5.64 percent but less than 5.90 percent D. more than 5.90 percent but less than 6.16 percent E. more than 6.16 percent but less than 6.42 percent