X-Centric Energy Company has issued perpetual preferred stock with a stated (par) value of 195 and a dividend of 4.5 percent. If the required rate of return is 8.3 percent, what is the stock's current market price? The required rate of return is 12 percent. Ninex Corp. has just paid a dividend of 3.12 and is expected to increase its dividend at a constant rate of 7 percent. What is the expected price of the stock? Round to 2 decimal points