The Weatherfield Way Construction Company has common and preferred stock outstanding.The preferred stock pays an annual dividend of $7.50 per share,and the required rate of return for similar preferred stocks is 11%.The common stock paid a dividend of $3.00 per share last year,but the company expected that earnings and dividends will grow by 25% for the next two years before dropping to a constant 9% growth rate afterward.The required rate of return on similar common stocks is 13%
What is the per-share value of the company's preferred and common stock?

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The Answer of The Weatherfield Way Construction Company has common and preferred stock outstanding.The preferred stock pays an annual dividend of $7.50 per share,and the required rate of return for similar preferred stocks is 11%.The common stock paid a dividend of $3.00 per share last year,but the company expected that earnings and dividends will grow by 25% for the next two years before dropping to a constant 9% growth rate afterward.The required rate of return on similar common stocks is 13%
What is the per-share value of the company's preferred and common stock?

The Weatherfield Way Construction Company Has Common and Preferred Stock