Preferred Products has issued preferred stock with an annual dividend of $7.68 that will be paid in perpetuity. a. If the discount rate is 12%, at what price should the preferred sell? (Round your answer to 2 decimal places.) Current price b. At what price should the stock sell 1 year from now? (Round your answer to 2 decimal places.) Future price c. What are the (i) the dividend yield; (ii) the capital gains yield; (iii) the expected rate of return of the stock? (Enter your answers as a whole percent.) (0) Dividend yield Capital gains yield Expected rate of return % % (ii) (iii) %