Question: PLEASE ANSWER FAST FOR INSTANT UPVOTE Also, please type the answer An issue of preferred stock is paying an annual dividend of $2.00. What is

PLEASE ANSWER FAST FOR INSTANT UPVOTE

Also, please type the answer

  1. An issue of preferred stock is paying an annual dividend of $2.00.

  1. What is the estimated preferred stock price if the required rate of return is 8%?

  1. How does your answer change if you plan to hold the preferred stock for 5 years and the company expects the dividend growth rate for its Class A common stock is constant at 4% per year?

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