Growth Rates:
Mitech Corps stock price has been growing at approximate 8% for several years and is now $30. Based on past growth rate performance, what would you expect the stock price to be in five years?
Pricing Preferred Stocks:
The following preferred stocks are returning 8.5% to their owners who purchased the shares when they were issued:
|
stock
|
Dividend
|
Current Price
|
|
A
|
5%
|
$14.71
|
|
B
|
7
|
41.18
|
|
C
|
11
|
129.41
|
Calculate the prices at which they were issued.