(Preferred stock yield) Calculate the yield of the Ohio Edison preferred stock of Problem 14 if its market price per share is: USING EXCEL

a. $60

b. $80

c. $100

d. $120

BELOW IS QUESTION 14 FOR REFERENCE

Ohio Edison preferred stock pays an annual dividend of $7.36 per share. Calculate the value of one share to an investor who requires a rate of return of:

a. 5%

b. 8%

c. 11%

d. 14%