please show work so i can understand how to work out as well thank you

Stodgy Corp. has preferred stock which pays an annual dividend of $6.00 per share. If the required return on this stock is 11%, what is the current price of the preferred stock? Be sure to show all work on each step You have the following information about ABC Corp: 4 Asset Bonds Preferred Stock Common Stock Book Value $25,000,000 $8,000,000 $12.500,000 Market Value 530,000,000 $10,000,000 $60,000,000 Constant growth on common stock 4,20% 6.50% 1.3 49% $45 20% 896 YTM on bonds Beta Treasury bond yield Price of common stock Tax rate Coupon rate on bonds (semi-annual coupon payments, but recall that coupon rates are ALWAYS stated on an annual basis) Risk prem. stocks over bonds Expected market return (km) Expected Common Dividend (D) Number of pref. shares Per share dividend on preferred 696 11% $3.00 100,000 $9.50 Step 1) solve for market weights for each type of capital Wdebt = Wpref - Wcom = Step 2) solve for the after-tax cost of debt Wdebt Step 3) solve for the cost of preferred stock Wpref =