(Preferred stock valuation?) You are considering an investment in one of two preferred? stocks, TCF Capital or TAYC Capital Trust. TCF Capital pays an annual dividend of $ 4.68 while TAYC Capital pays an annual dividend of $ 4.46 If your required return is 8 ?percent, what value would you assign to the? stocks?
a The value of the TCF Capital preferred stock is ?__________ per share. ?(Round to the nearest? cent.)
b The value of the TAYC Capital preferred stock is ?$______ per share. ?(Round to the nearest? cent.)