Preferred Products has issued preferred stock with an annual dividend of $8.16 that will be paid in perpetuity.

a. If the discount rate is 12.00%, at what price should the preferred sell? (Round your answer to 2 decimal places.)

b. At what price should the stock sell 1 year from now? (Round your answer to 2 decimal places.)

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.)