You purchased 500 shares of HSBC preferred stock at $45 per share. Each share of preferred stock pays a $4.50 dividend .If your required rate of return as an investor is 8%, what value would you assign to the stock? What if the price of the stock was $47.50, the stock dividend was $3.50, and your required rate of return was 7.5%?

		$56.25 ; $64.29
		$56.25; $46.67
		$49.50; 46.67
		$31.50 ; $56.25