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Preferred Products has issued preferred stock with an annual dividend of $ 6 . 2 7 that will be paid in perpetuity. a . If

Preferred Products has issued preferred stock with an annual dividend of $6.27 that will be paid in perpetuity.
a. If the discount rate is 11%, at what price should the preferred sell?
Note: Round your answer to 2 decimal places.
Current price
b. At what price should the stock sell 1 year from now?
Note: Round your answer to 2 decimal places.
Future price
c. What are (i) the dividend yield; (ii) the capital gains yield; (iii) the expected rate of return of the stock?
Note: Enter your answers as a whole percent.
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