these are 3 differnet questions. Thanks

X-Tech issued preferred shares many years ago. They carry a fixed dividend of $14 per share. With the passage of time, ylelds have soared from the original 10 percent to 17 percent (yield is the same as required rate of return). a. What was the original issue price? (Round the final answer to 2 decimal places.) Original price of preferred share b. What is the current value of a X-Tech preferred share? (Round the final answer to 2 decimal places.) Current price of preferred share c. If the yield on the Preferred Stock Index declines, how will the price of these preferred shares be affected? The price of preferred stock will increase. The price of preferred stock will decrease. Friedman Steel Company will pay a dividend of $3.40 per share in the next 12 months (D2). The required rate of return (Kd is 14 percent and the constant growth rate is 10 percent. (Each question is independent of the others. Round the final answers to 2 decimal places.) a. Compute P0. Price of common share b. Assume Ke the required rate of return, goes up to 18 percent, what will be the new value of Po ? New price of common share c. Assume the growth rate (g) goes up to 13 percent, what will be the new value of P0 ? New price of common share d. Assume D1 is $4.00, what will be the new value of P0 ? New price of common share Ninja Co. will pay a dividend of $29.00, which will increase by 8 percent each year over the following three years and then grow at an annual rate of 9 percent forever. You expect a 15 percent return on your invested capital. What price would you pay for a share in this company? (Do not round "PV factor" and other intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)