Preferred Products has issued preferred stock with an annual dividend of $6.50 that will be paid in perpetuity. a. If the discount rate is 10%, at what price should the preferred sell? (Round your...

Preferred Products has issued preferred stock with an annual dividend of $6.50 that will be paid in perpetuity.

a.
If the discount rate is 10%, at what price should the preferred sell?
(Round your answer to 2 decimal places.)

b.
At what price should the stock sell 1 year from now?
(Round your answer to 2 decimal places.)

c.
What are the (i) the dividend yield; (ii) the capital gains yield; (iii) the expected rate of return of the stock?
(Enter your answers as a whole percent.)