Question 23 3 pts A preferred stock sells for $66.08 a share and has a market return of 11.35%. What is the dividend $7.25 $6.40 $5.82 $6.17 $7.50 Question 24 3 pts Given the following partial stock quote, what was yesterday's closing price for JKL Company? Stock Div Yld % PE HI LO Close Net Chg JKL 1.35 4.0 16 33.90 30.19 ? +1.38 $35.13 $32.37 $34.40 $28.81 $33.75 Jones Brothers Clothing does not expect to pay any dividends for the next two years. Three years from now they hope to pay $.25 a share and increase that amount by 100 percent per year for the following two years. After that, the dividend is expected to increase in value by 2.5% annually. What is the value of this stock today if the required return is 9 percent? $10.80 $10.75 $11.20 $10.95 $11.45 Question 22 3 pts Last year, when the stock of Waldo, Inc., was selling for $28 a share, the dividend yield was 3.5 percent. Today, the stock is selling for $35 a share. What is the required return on this stock if the company maintains a constant dividend growth rate of 5 percent? 8.72 percent 8.78 percent 8.93 percent 8.28 percent 7.94 percent