Each quarter, Transam, Inc., pays a dividend on its perpetual preferred stock. Today, the stock is 5elling at $83.45. If the required rate of return for such stocks is 10.5 percent, what is the quarterly dividend paid by the firm? $10.50$2.63$8.76$2.19 Durango Water Works has an outstanding issue of preferred stock that has a par (maturity value) of $75.00. The stock, which pays a quarterly dividend of $1.10, will be retired by the firm in 20 years. If the preferred stock is currently selling for $68.00, what is the preferred stock's yield-to-maturity? 7.73% 4.28% 5.64% 6.72%