E-Eyes.com Bank just issued some new preferred stock. The issue will pay a $6 annual dividend in perpetuity, beginning 6 years from now. Required: If the market requires a 12 percent return on this investment, how much does a share of preferred stock cost today? Multiple Choice $50.00 $26.95 $25.33 $29.79 $28.37 P8-13 Nonconstant Dividends [LO1] Far Side Corporation is expected to pay the following dividends over the next four years: $14, $12, $8, and $4. Afterward, the company pledges to maintain a constant 7 percent growth rate in dividends forever. If the required return on the stock is 15 percent, the current share price is $ (Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16)) What is the profitability index for an investment with the following cash flows given a 9 percent required return? Year Cash Flow $-21,500 $7,200 $9,300 $8.500 1 2 3 Multiple Choice 100 96 98 94 92