on equity, what is the current price of Hubbard's common stock? Do not round intermediate calculations. Round your answer to the nearest cent.

$ per share

Zero Growth Stocks: equation is:

widehat$(P{)}_0=\frac{D}{r_a}$

regular, fixed dividend payments in perpetuity. The valuation equation is simply the current dividend divided by the required rate of return. require an $10\%$ return on the preferred stock, what is the price of the firm's perpetual preferred stock? Round your answer to the nearest cent.

$ per share

Nonconstant Growth Stocks: equation:

widehat$(P{)}_0=\frac{D_1}{(1+r_s{)}^2}+\frac{D_2}{(1+r_0{)}^2}+$cdots$+\frac{D_N}{(1+r_0{)}^N}+\frac{\text{h}\text{a}\text{t}(P{)}_N}{(1+r_e{)}^N}$

value at the horizon date of all dividends expected thereafter. to the nearest cent.

$

per share