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Preferred stock valuation Ezzell Corporation issued perpetual preferred stock with a 11% annual dividend. The stock currently yields 6%. and its par value is $100.

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Preferred stock valuation Ezzell Corporation issued perpetual preferred stock with a 11% annual dividend. The stock currently yields 6%. and its par value is $100. What is the stock's value? Round your answer to two decimal places. Suppose interest rates rise and pull the preferred stock's yield up to 11%. What would be its new market value? Round your answer to two decimal places. Valuation of a declining growth stock Martell Mining Company's ore reserves are being depicted, so its sales are falling. Also, because its pit is getting deeper each year, its costs are rising. As a result, the company's earnings and dividends are declining at the constant rate of 6% per year. If D_0 = $6 and r_s = 15%, what is the value of Martell Mining's stock? Round your answer to two decimal places. Valuation of a constant growth stock A stock is expected to pay a dividend of $1.75 the end of the year (that is. D_1 = $1.75). and it should continue to grow at a constant rate of 5% a year. If its required return is 15%. what is the stock's expected price 5 years from today? Round your answer to two decimal places. Problem Walk-ThroughProblem Walk-ThroughProblem Walk-ThroughProblem Walk-ThroughProblem Walk-ThroughProblem Walk-ThroughProblem Walk- ThroughProblem Walk-ThroughProblem Walk-ThroughProblem Walk-Through Nonconstant growth Microtech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Microtech to begin paying dividends, beginning with a dividend of $I.50 coming 3 years from today. The dividend should grow rapidly - at a rate of 27% per year - during Years 4 and 5; but after Year 5, growth should be a constant 8% per year. If the required return on Microtech is 18%, what is the value of the stock today? Round your answer to the nearest cent

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