announced that all future dividends will be increased by 3.8 percent annually. What is one share of this stock worth to you if you require a 15 percent rate of retum Chef, Inc. just paid its annual dividend of $1.44 a share. The firm recently A. $12.56 B. $12.86 C. $13.35 D. $13.68 E. $14.07 11. Jupiter, Inc. has an issue of preferred stock outstanding that pays a $8.00 dividend every year, in perpetuity. When originally sold, it was issued at $100.00 per share. If this issue currently sells for $146.25 per share, what is the required return? A. 5.47 percent B. 6.89 percent C. 7.70 percent D. 8.23 percent E. 8.98 percent 12. What is the expected return on a security given the following information? Probability of State of Economy State of Economy Rate of Return Recession Normal Boom 0.14 0.75 0.11 18.0% 11.0% -5.0% A. 8.78 percent B. 9.43 percent C. 9.97 percent D. 10.22 percent E. 11.48 percent