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Question 1A & Question 1B

Question 1C

Question 1D

Preferred stock valuation Ezzell Corporation issued perpetual preferred stock with a 8% annual dividend. The stock currently yields 8%, and its par value is $100. a. What is the stock's value? Round your answer to two decimal places. $ b. Suppose interest rates rise and pull the preferred stock's yield up to 11%. What would be its new market value? Round your answer to two decimal places. $ Constant growth valuation Thomas Brothers is expected to pay a $3.1 per share dividend at the end of the year (that is, D1 = $3.1). The dividend is expected to grow at a constant rate of 9% a year. The required rate of return on the stock, rs, is 14%. What is the stock's current value per share? Rou your answer to two decimal places. 10-8: Preferred Stock Preferred stock valuation Fee Founders has perpetual preferred stock outstanding that sells for $38.00 a share and pays a dividend of $4.00 at the end of each year. What is the required rate of return? Round your answer to two decimal places. %