The First Bank of Flagstaff has issued perpetual preferred stock with a $100 par value. The bank pays a quarterly dividend of $1.50 on this stock. What is the current price of this preferred stock given a required rate of return of 10.0 percent? (Round answer to 2 decimal places, eg. 15.25.) Current price Paul White is interested in purchasing the commonstock of Crane, Inc, which is currently priced at $41.31. The company is expected to pay a dividend of $2.58 next year and to increase its dividend at a constant rate of 7.60 percent. (a) What should the market value of the stock be if the required rate of return is 14 percent? (Round answer to 2 decimal places, eg. 15.20. Market value of stock The required rate of return is 23.20 percent. Ivanhoe Corp. has just paid a dividend of $3.12 and is expected to increase its dividend at a constant rate of 7.05 percent. What is the expected price of the stock three years from now? (Round answer to 2 decimal places, eg. 15.20. Expected price