E-Eyes.com Bank just issued some new preferred stock. The issue will pay a $15 annual dividend in perpetuity, beginning 9 years from now. Required: If the market requires a 9 percent return on this investment, how much does a share of preferred stock cost today? $76.74 $87.83 $79.46 $166.67 $83.64 Thirsty Cactus Corp.just paid a dividend of $1.30 per share. The dividends are expected to grow at 35 percent for the next 7 years and then level off to a 7 percent growth rate indefinitely. Required: If the required return is 13 percent, what is the price of the stock today? $98.26 $102.27 $80.53 $100.26 $1.91