(Common stock valuation) The common stock of NCP paid $1.27 in dividends last year. Dividends are expected to grow at an annual rate of 4.80 percent for an indefinite number of years. a. If your required rate of return is 7.30 percent, what is the value of the stock for you? b. Should you make the investment?

At december 31, 2016, pina corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,810 shares $10,781,000 common stock, $5 par, 4,026,000 shares 20,130,000 during 2017, pina did not issue any additional common stock. the following also occurred during 2017. income from continuing operations before taxes $21,950,000 discontinued operations (loss before taxes) $3,505,000 preferred dividends declared $1,078,100 common dividends declared $2,300,000 effective tax rate 35 % compute earnings per share data as it should appear in the 2017 income statement of pina corporation