You are evaluating a stock that just paid a dividend of $2.4. Dividends are expected to grow at a constant rate of 4.5% for long time into the future. The required rate of return on the stock is 10.5%. What is the value of this stock? (round your answer to 2 decimal places, ignore the $ sign in your answer) on 2 1 out of 1 points A preferred stock pays $3.5 annual dividends each year into the future. If the value of this stock is $80, what is the required rate of return on the preferred stock? (write your answer in % and round it to 2 decimal places)