You are considering whether to purchase a company's stock. The stock is expected to pay two dividends, $1.50 at the end of year 1 and $1.75 at the end of year 2. The expected selling price of the stock is $17.50 at the end of year 2. If you require a rate of return of 16% per year for the investment, what is the maximum price that you are willing to pay per share? Select one: a. $14.61 b. $15.49 c. $14.51 d. $15.60 e. $14.17 You are thinking of purchasing a cumulative, convertible preferred share with a stated dividend of $1.65 per quarter. If you require a return of 8.8%, compounding quarterly, what is the maximum price you'd pay for the preferred share? Select one: a. $77.50 b. $72.95 c. $75.00 d. $80.00 e. $78.96