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Question 7 1 pts Stock in Simons Industries is currently selling for $79. It just paid its annual dividend of $2, which have consistently grown at a rate of 2.90%. What is the expected return of this stock? 5.56% 5.53% 5.61% 5.51% 5.82% Question 8 1 pts Sunny's BBQ Company recently issued $50 par value preferred stock that pays an annual dividend of $16. Analysts estimate that the stock has a beta of 0.96. The current risk-free rate is 2% and the market return is 10.5%. Assuming that CAPM holds, what is the intrinsic value of this preferred stock? $157.48 $164.23 $160.83 $165.90 $141.97