Question 49 2 points Save Answer Molen Inc. has an outstanding issue of perpetual preferred stock with an annual dividend of $4.00 per share. If the required return on this preferred stock is 6.5%, then at what price should the stock sell? a. $63.38 b. $52.92 c. $48.00 d. $61.54 e. $64.62 Question 48 2 points Save Answer Based on the corporate valuation model, Morgan Inc.'s total corporate value is $325 million. The balance sheet shows $90 million of notes payable, $30 million of long-term debt, $40 million of preferred stock, and $100 million of common equity. The company has 10 million shares of stock outstanding. What is the best estimate of the stocks price per share? a. $15.02 b. $16.50 c. $15.84 d. $12.54 e. $14.85 Question 46 2 points Save Answer A share of common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 5.4%, and if investors' required rate of return is 10.2%, then what is the stock price? a. $16.47 b. $23.50 c. $21.96 d. $24.37 e. $23.93 Question 45 2 points If Do= $2.25, g (which is constant) = 3.5%, and P 0 = $52, then what is the stocks expected dividend yield for the coming year? a. 3.81% b. 4.48% C. 4.25% d. 4.61% e. 3.36%