The preferred stock of Crane Inc. is currently trading at $$135\mathrm{.}00$ per share. If the required rate of return is $8$

percent and this stock has no maturity date, what is the quarterly dividend paid by this stock? What is the quarterly

dividend if the stock will mature in one year and it has a par value of $$136\mathrm{.}50?($Round answers to $2$ decimal

places, e$.$g$.52\mathrm{.}75.)$

Quarterly dividend paid