IQuestion 3: 3 +5= 8 Points] 3) Ridge Inc. has issued $100 par value preferred stock P, which pays a semi-annual preferred dividend. The discount rate on Pis 9%, and it trades in the market at $125 per share today. a) What is the nominal preferred dividend that each share of the preferred stock P pays? b) Ridge also issues the following security bundle to raise capital: Each share of the bundle is made up of one share of the preferred stock Pabove, and one share of security Q. Each share of security Q will pay $0.90 per month forever at a discount rate of 6%. What is the maximum price investors will be willing to pay for each share of this security bundle today