Question: Chapter 7 HW Help Save& ExitSubmit Check my work Problem 7-13 Preferred Stock (LO2) 10 points Preferred Products has issued preferred stock with an annual

Preferred Stock (LO2) 10 points Preferred Products has issued preferred stock with

an annual dividend of $5.90 that will be paid in perpetuity. a.

f the discount rate is 10.00%, at what price should the preferred

sell? (Round your answer to 2 decimal places.) b. At what price

Chapter 7 HW Help Save& ExitSubmit Check my work Problem 7-13 Preferred Stock (LO2) 10 points Preferred Products has issued preferred stock with an annual dividend of $5.90 that will be paid in perpetuity. a. f the discount rate is 10.00%, at what price should the preferred sell? (Round your answer to 2 decimal places.) b. At what price should the stock sell 1 year from now? (Round your answer to 2 decimal places) c. What is the dividend yield, the capital gains yield, and the expected rate of return of the stock? (Enter your answers as a whole percent.)

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