= Homework: Chapt. 7 - Stock Valuation Question 2. P7-5 (similar to) HW Score:096,0 Part 1 of 3 O Points: 0 of 3 Preferred stock valuation TXS Manufacturing has an outstanding preferred stock issue with a par value of $64 per share. The preferred sharen pay dividendo annually at a rate of 11% a. What is the annual dividend on TXS preferred stock? b. f investors require a retum of 6% on this stock and the next dividend is payable one year from now, what is the price of TXS preferred stock? c. Suppose that TXS has not paid dividends on its preferred shares in the past two years, but investors believe that it will start paying dividends again in one year. What is the value of T) a(n) 6% rate of return? CBD a. The annual dividend on TXS preferred stock is $(Round to the nearest cent) Question 2, P7-5 (similar to) HW Score: 0%, 0 of 17 points Part 1 of 3 Points: 0 of 3 Save preferred stock issue with a par value of $64 per share. The preferred shares pay dividends annually at a rate of 11% widend is payable one year from now, what is the price of TXS preferred stock? s in the past two years, but investors believe that it will start paying dividends again in one year. What is the value of TXS preferred stock if it is cumulative and it investors require the nearest cont.)