What are the characteristics of preferred stock? fixed dividend payment all debts must be paid before to bondholders before preferred stockholders are paid preferred stockholders are usually paid after common stockholders don't have voting right may carry some voting rights, but generally not as many voting rights as common stock Suppose a share of preferred stock sells for $58.77 and pays a dividend of $5.4 each period. What is the discount rate? (Enter the answer in \% format without \% sign 20.51 and not 20.51% or 0.2051 ) Question 3 1 pts A share of preferred stock sells for $98.14 and has a discount rate of 7.36%. How much is the dividend? (Enter the answer in dollar format without \$ sign or thousands comma 3519.23 and not $3,519.23 or 3,519.23)