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Preferred Products has issued preferred stock with an $6.60 annual dividend that will be paid in perpetuity. a. If the discount rate is 11%, at

Preferred Products has issued preferred stock with an $6.60 annual dividend that will be paid in perpetuity.

a. If the discount rate is 11%, at what price should the preferred sell?

Current price $

b. At what price should the stock sell 1 year from now?

Future price $

c.

What is the dividend yield, the capital gains yield, and the expected rate of return of the stock?(Leave no cells blank - be certain to enter "0" wherever required.)

Dividend yield %
Capital gains yield %
Expected rate of return %

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