QUESTION 36 QUESTION 8.(answer both parts a and b): a Always Tranquil, Inc. has just paid dividend of $5,16 per share on its preferred stock Subsequent dividends will remain at 55.16 per share forever. Returns on zero growth rate stocks of firms like Always Tranqui, are currently running at 9.47%. What is the value of one share of the firm's stock? (2points) AND b You plan to retire after working for 35 during which you intend saving $600 every month towards your nest egg for retirement. You anticipate retiring with $1,000,000 in the pool. If you earn 6% return on the retirement account, then How much will you accumulate in 35 years? (3 points) (b) of this falls short of your million dollar target, how much will you need to save every month at the 6% rate for the 35 years to reach the $1,000,000 goal? (3 points)