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Dropshot Corporation stock currently sells for $64.73 per share. The market requires a return of 9 percent on the firm's stock. If the company maintains

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Dropshot Corporation stock currently sells for $64.73 per share. The market requires a return of 9 percent on the firm's stock. If the company maintains a constant 5.5 percent growth rate in dividends, what was the most recent dividend per share paid on the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Dividend per share Stano, Inc., has preferred stock outstanding that sells for $103.57 per share. If the required return is 4.17 percent, what is the annual dividend? Multiple Choice $3.89 $4.50 $404 $4,32 O O $415

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