Please answer questions 9&13 thank you

Stock Valuation 9. Ovit, Inc., has preferred stock with a price of $20 and a dividend of $1.50 per year. What is its dividend yield? 10. Suppose Acap Corporation will pay a dividend of $2.80 per share at the end of this year and a dividend of $3 per share next year. You expect Acap's stock price to be $52 in two years. Assume that Acap's equity cost of capital is 10%. a. What price would you be willing to pay for a share of Acap stock today, if you planned to hold the stock for two years? b. Suppose instead you plan to hold the stock for one year. For what price would you expect to be able to sell a share of Acap stock in one year? c. Given your answer to (b), what price would you be willing to pay for a share of Acap stock today, if you planned to hold the stock for one year? How does this price compare to your answer in (a)? Krell Industries has a share price of $22.00 today. If Krell is expected to pay a dividend of $0.88 this year and its stock price is expected to grow to $23.54 at the end of the year, what is Krell's dividend yield and equity cost of capital? 11. Estimating Dividends in the Dividend-Discount Model 12. NoGrowth Corporation currently pays a dividend of $0.50 per quarter, and it will continue to pay this dividend forever. What is the price per share of NoGrowth stock if the firm's equity cost of capital is 15%? 13. Summit Systems will pay a dividend of $1.50 this year. If you expect Summit's divi- dend to grow by 6% per year, what is its price per share if the firm's equity cost of capital is 11%? ald nf 1 506 Its eauitv cost of capital is 8%, and dand