Yankee Athletic Club has preferred stock with a par value of $90 and an annual 7% cumulative dividend. Given the following prices for the preferred stock, what is each investor seeking for his or her return? a. Alex is willing to pay $35. b. Derek is willing to pay $30. c. Marcia is willing to pay $15. d. Johnny is willing to pay $5. Villalpando Winery wants to raise $30 million from the sale of preferred stock. If the winery wants to sell one million shares of preferred stock, what annual dividend will it have to promise if investors demand a return of a. 12%? b. 14%? c. 8%? d. 7%? e. 5%? f. 4%? Singing Fish Fine Foods has a current annual cash dividend policy of $2.25. The price of the stock is set to yield a return of 12%. What is the price of this stock if the dividend will be paid a. for 10 years? b. for 15 years? c. for 40 years? d. for 60 years? e. for 100 years? f. forever