Tag 1. What is the value of Rolen’s preferred stock? Round your answer to the nearest cent.

Constant Growth Valuation

Constant Growth Valuation Crisp Cookware’s common stock is expected to pay a dividend of $2.25 a share at the end of this year (D1 = $2.25); its beta is 1.20; the risk-free rate is 2.9%; and the market risk premium…