Gray Manufacturing is expected to pay a dividend of $1.25 per share at the end of the year (D1 = $1.25). The stock sells for $27.50 per share, and its required rate of return is 11.8%. The dividend is expected to grow at some constant rate (g) forever. what is Your answer should be between 3.22 and 8.78, rounded to 2 decimal places, with no special characters Question 8 5 pts Mullen Inc. has an outstanding issue of perpetual preferred stock with an annual dividend of $3.00 per share. If the required return on this preferred stock is 6.5%, at what price should the stock sell? Your answer should be between 18.12 and 72.80, rounded to 2 decimal places, with no special characters