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A preferred stock pays $8.30 in annual dividends. If the required rate of return on the preferred stock is 6.3 percent, what is the fair present value of the stock (approximate value)? a. $161.25 b. $131.75 c. $0.076 d. $52.29 QUESTION 2 Suppose an investor purchases a 91 days Treasury bill with a face value of $1,800 for $1,620. By holding the bill until the maturity date, the investor receives $1,800. What is the amount of interest received by him? a. 5280 10. $180 c. $1800 .33420