Preferred stock is considered to be a special type of debt rather than equity because of all of the following reasons except that preferred stock holders receive a fixed dividend. regular preferred stock has no voting rights. preferred stocks often have credit ratings. if preferred stock dividends are not paid it would be legally viewed as a default. The Smart Start Corporation expects to pay a dividend of $2.50 per share at the end of the year. Management expects dividends to grow at a constant rate of 4% per year. If the required rate of return on the company's stock is 12%, how much would the stock be worth at the end of two years from today? 44.6 42.1 33.8 36.3 A share of common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 5.4%, and if investors' required rate of return is 11.4%, what should be the stock price? $17.57 $16.70 $17.13 $18.01