Problem 10-28 Friedman Steel Company will pay a dividend of $7.50 per share in the next 12 months (D). The required rate of return (K) is 20 percent and the constant growth rate is 9 percent. (Each question is independent of the others. Round the final answers to 2 decimal places.) a. Compute pe Price of common share $C b. Assume the required rate of return, goes up to 24 percent, what will be the new value of Po? New price of common share $ c. Assume the growth rate (g) goes up to 13 percent, what will be the new value of Po? New price of common share d. Assume D, is $9.00, what will be the new value of Po? New price of common share