|
Par value of preferred stock(per share) |
$ 100 |
|
Dividend rate for preferred stock |
7% |
|
Required rate of return on preferred stock |
12% |
|
Last dividend paid or common stock(per share) |
$3.00 |
|
Constant growth rate for common stock dividend |
5% |
|
Required rate of return on common stock |
15% |