1. Bryson Industries paid $ 2.91per share in dividends yesterday. Its dividends are expected to grow steadily at 6 % per year. If the required return is 8.4 %?, what is the current price ?(P0?)? If the required return is 8.4 %?, the current price of the stock is? round to nearest cent.
2. A share of preferred stock pays a dividend of $ 0.36 annually. The required rate of return is 4 %. What is the preferred? stock's price per? share? round to nearest cent.