interest rate on similar bonds is 6% Greene corporation has preferred shares that have a dividend of $2.50 payable quarterly. If the required rate of return is 8% compounded quarterly. a. Find the price of the shares. b. The following year the interest rate increases to 10% compounding quarterly what is the gain or loss on the shares. Benning Company has a current semi annual dividend of $.50 and a constant growth rate of 5%. a. Compute the current value of the shares if ke is 8% b. The following year growth increases to 6% and rates rise making the Ke 10% find the new value of the shares