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Use Excel functions and/or formulas to complete the following: 2. Find the Common Stock Share Price, P, 9.0% D- $1.75 Short-Run growth rate 15.00% Long-run

Use Excel functions and/or formulas to complete the following: 2. Find the Common Stock Share Price, P, 9.0% D- $1.75 Short-Run growth rate 15.00% Long-run growth rate 6.00% 3 marks 0 1 2 3 4 Year Dividend $1.75 Present Value Calcuations Pn- P b. Find the net cost of preferred stock for a new issue the firm is considering. 1 mark Flotation cost Prs- Des 6% 24 2.10

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