Question: Question 17 (5 points) 17. If a preferred stock from Virginia Electric & Power (VELP P) pays $3.50 in annual dividends, and the required return

 Question 17 (5 points) 17. If a preferred stock from Virginia

Question 17 (5 points) 17. If a preferred stock from Virginia Electric & Power (VELP P) pays $3.50 in annual dividends, and the required return on the preferred stock is 6.4 percent, what's the value of the stock? (just type the number without $ and round up to second decimal places. For example, if your answer is $75.479, enter 75.48). Question 18 (5 points) 18. Tiffany & Co. (TIF) recently paid a $0.52 dividend. The dividend is expected to grow at a 18 percent rate. At the current stock price of $52.63, what is the return shareholders are expecting? (just type the number without % and round up to second decimal places. For example, if your answer is 15.498% , enter 15.50). A

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