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Part II - Preferred Stock Assume that we have a preferred stock that pays an annual dividend of $2 and the relevant interest rate is 4%. Q1. What is the preferred stock's price, if the next dividend date is in exactly 12 months? Round your answer to two decimal places (e.g., $12.3456$12.35). Q2. What is the preferred stock's price, if the next dividend date is in exactly 8 months? Round your answer to two decimal places (e.g., $12.3456 $12.35). Solve this in two different ways: a. Accrued dividend method. b. Forward dividend method.

Assume that we have a preferred stock that pays an annual dividend of $2 and the relevant interest rate is 4%. Q1. What is the preferred stock's price, if the next dividend date is in exactly 12 months? Round your answer to two decimal places (e.g,$12.3456$12.35). Q2. What is the preferred stock's price, if the next dividend date is in exactly 8 months? Round your answer to two decimal places (e.9.,$12.3456$12.35). Solve this in two different ways: a. Accrued dividend method. b. Forward dividend method