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

A. If the discount rate is 11.00% 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 is the dividend yield, the capital gains yield, and the expected rate of return of the stock? (Enter your answers as a whole percent.)

Dividend Yield		%
Capital Gains Yield		%
Expected rate of return		%