The formula for the valuation of a share of preferred stock is P_D = D_p/k_p. In this equation, the variable D_p represents the _____ Alexis is considering the purchase of 425 shares of the preferred stock of Anderson Animations Inc. The stock carries a par value of $100 per share and an annual dividend rate of 4.00%. Alternative investments of comparable risk are generating yields of 5.50%. Given this information, the per-share value of Anderson's preferred stock should be: $72.73 $65.46 54.55 $90.91 Alexis has to postpone her purchase of Anderson's preferred shares for just over three months. By the time she is ready to invest, the return on alternative investments of comparable risk has decreased. She should expect the cost of her investment in Anderson's preferred shares to be _____ expensive. Assume that Alexis delays her investment for another few months, and that when she is finally ready to make her 425-share investment in Anderson, the market price of Anderson's preferred stock has changed to $98.19 per share. If she pays this price to acquire each share of Anderson's preferred stock, what rate of return will Alexis earn on her investment? Remember that the shares have a par value of $100 and a dividend rate of 4.00%. 3.87% 5.29% 4.07% 3.26% The formula for the valuation of a share of preferred stock is P_D = D_p/k_p. In this equation, the variable D_p represents the _____ Alexis is considering the purchase of 425 shares of the preferred stock of Anderson Animations Inc. The stock carries a par value of $100 per share and an annual dividend rate of 4.00%. Alternative investments of comparable risk are generating yields of 5.50%. Given this information, the per-share value of Anderson's preferred stock should be: $72.73 $65.46 54.55 $90.91 Alexis has to postpone her purchase of Anderson's preferred shares for just over three months. By the time she is ready to invest, the return on alternative investments of comparable risk has decreased. She should expect the cost of her investment in Anderson's preferred shares to be _____ expensive. Assume that Alexis delays her investment for another few months, and that when she is finally ready to make her 425-share investment in Anderson, the market price of Anderson's preferred stock has changed to $98.19 per share. If she pays this price to acquire each share of Anderson's preferred stock, what rate of return will Alexis earn on her investment? Remember that the shares have a par value of $100 and a dividend rate of 4.00%. 3.87% 5.29% 4.07% 3.26%