Preferred Products has issued preferred stock with an annual dividend of $8 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 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?