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Round to the nearest cent (Preferred stock valuation) You are considering an investment in one of two preferred stocks, TCF Capital or TAYC Capital Trust.

image text in transcribedRound to the nearest cent

(Preferred stock valuation) You are considering an investment in one of two preferred stocks, TCF Capital or TAYC Capital Trust. TCF Capital pays an annual dividend of $2.19, while TAYC Capital pays an annual dividend of $2.42. If your required return is 8 percent, what value would you assign to the stocks? The value of the TCF Capital preferred stock is per share. (Round to the nearest cent.) The value of the TAYC Capital preferred stock is $per share. (Round to the nearest cent.)

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