Question 24 1 pts Rebello's preferred stock pays a dividend of $1.00 per quarter, and it sells for $55.00 per share. What is its effective annual rate of return? 6.84% 10.38% 09.19% 8.24% 7.47% Previous Neyt Question 23 1 pts The Ramirez Company's last dividend was $1.2. Its dividend growth rate is expected to be constant at 25% for 2 years, after which dividends are expected to grow at a rate of 6% forever. Its required return (ry) is 11%. What is the best estimate of the current stock price? $35.14 $38.06 $43.92 $40.99 $46.85