Qunstion 6 Not complete Points out of 7 The Weatherfield Way Construction Company has common and preferred stock outstanding. The preferred stock pays an annual dividend of $7.50 per share, and the required rte of return for similar preferred stocks is 10%. The expected dividend for next year is $3 per share, and the company expects its dividends to grow at a constant 10% growth rate for the le future. The required rate of return on similar common stocks is 1596, what is the computed prices of its common stock? Select one: a. The common stock has a value of $60. b. The common stock has a value of $66. c. The common stock has a value of $70. O d. The common stock has a value of $76. Check Page 3 of E