To solve this problem using the Dividend Growth Model for a perpetual preferred stock, you can use the following formula: [ P_0 = \frac{D}{r} ] where: ( P_0 ) is the price of the preferred stock. ( D ) is the annual dividend. ( r ) is the required rate of return. Given: ( D = $1.00 ) ( r = 10% = 0.10 ) Substitute the given values into the formula: [ P_0 = \frac{1.00}{0.10} = 10.00 ] So, the price of the firm's perpetual preferred stock is $10.00 per share. To set this up in the BA II PLUS TI calculator, follow these steps: Turn on the calculator by pressing the "ON/OFF" button. Clear any previous settings by pressing "2nd" and then "CLR TVM" (above the FV key). Enter the dividend amount: Press "1" and then "ENTER". Enter the required rate of return: Press "0.10" and then "ENTER". Calculate the price: Since this is a simple division, you can directly perform the calculation by pressing "1" (for the dividend), then the division key "/", and then "0.10" (for the required rate of return), and finally the "=" key. The display should show "10.00", which is the price of the firm's perpetual preferred stock. Thus, the price of Carlysle Corporation's perpetual preferred stock is $10.00 per share