Question: Use Excel functions and/or formulas to complete the following: a. Find the Common Stock Share Price, Po r = 10.0% D 0 $1.70 Short-Run growth

 Use Excel functions and/or formulas to complete the following: a. Find

Use Excel functions and/or formulas to complete the following: a. Find the Common Stock Share Price, Po r = 10.0% D 0 $1.70 Short-Run growth rate 12.00% Long-run growth rate 7.00% o 3 marks Year + 3 0 1 2. 4 1 Dividend $1.70 Present Value Calcuations 2 3 41 5 6 71 + 8 Pn = 9 = PO o 1 2 3 b. Find the net cost of preferred stock for a new issue the firm is considering. 4 1 mark 5 Flotation cost = 8% 6 Pps = 30 7 Dps = 2.25 8 rps = 9

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