Lindell, Inc. has 890, $100 par value preferred stock outstanding. To earn 12% on an investment in this stock, you need to purchase the shares at a per share price of 77 A. $9.60 B. $66.67 C. $96.00 D. $150.00 Winifred, Inc. paid $1.64 as an annual dividend per share last year. The company is expected to increase their annual dividends by 3% each year. How much should you pay to purchase one share of this stock if you require a 9% rate of retum on this investment? 78 A. $18.22 B. $18.77 C. $27.33 D. $28.15 A company has an annual dividend growth rate of 5% and a retention rate of 40%. The company's dividend payout ratio is 79._ A. 35% B.40% C. 45% D. 60% In general, the higher the retention ratio 80. A. The higher the future growth rate of the company B. The higher the dividends per share of common stock C. The higher the future debt-equity ratio D. The lower the future book value per share