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Preferred Products has issued preferred stock with an annual dividend of $7

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Preferred Products has issued preferred stock with an annual dividend of $7.32 that will be paid in perpetuity. 
a. If the discount rate is 12%, at what price should the preferred sell? (Round your answer to 2 decimal places.) 
Current price 
 r I 
b. At what price should the stock sell 1 year from now? (Round your answer to 2 decimal places.) 
Future price 
c. What are the (i) the dividend yield; (ii) the capital gains yield; (iii) the expected rate of return of the stock? (Enter your answers as a whole percent.) 
(i) Dividend yield ? (ii) Capital gains yield ? (iii) Expected rate of return ? 

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