1. A preferred stock from Duquesne Light Company (DQUPRA) pays $2.10 in annual dividends. If the required return on the preferred stock is 5.4 percent, what’s the value of the stock? (Round your answer to 2 decimal places.)
2. Bankruptcy is a way of getting rid of some, or all, of your debt. Is this a good thing for the United States to have as part of its law? Explain and defend your answer.
3. In 1975 Congress passed the Magnuson-Moss Warranty - Federal Trade commission Improvement Act of 1975. Start your own thread. Briefly describe key provisions of this Act that changed consumer warranties to assist the consumer.