A preferred stock from Hecla Mining Co. (HLPRB) pays $5.00 in annual dividends.
If the required return on the preferred stock is 8.00 percent, what is the value of the stock? (Round your answer to 2 decimal places.)
Ultra Petroleum (UPL) has earnings per share of $1.55 and a P/E ratio of 32.92.
What’s the stock price? (Round your answer to 2 decimal places.)