a)Graphical Designs is offering 15-15 preferred stock. The stock will pay an annual dividend of...
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a)Graphical Designs is offering 15-15 preferred stock. The stock will pay an annual dividend of $15 with the first dividend payment occurring 15 years from today. The required return on this stock is 4.45 percent. What is the price of the stock today?
$171.69
$175.43
$167.96
$337.08
$183.24
b)
Braxton's Cleaning Company stock is selling for $31.50 per share based on a required return of 9.6 percent. What is the the next annual dividend if the growth rate in dividends is expected to be 3.8 percent indefinitely?
$1.83
$2.00
$1.67
$1.76
$1.90
c)Stana, Inc., has preferred stock outstanding that sells for $102.63 per share. If the required return is 4.11 percent, what is the annual dividend?
$3.95
$4.22
$4.05
$3.80
$4.39
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