A PREFERRED STOCK HAS PAID A $5 ANNUAL DIVIDEND SINCE THE COMPANY...

18. A preferred stock has paid a $5 annual dividend since the company began. The stock currently sells for $62.50. What might investors expect to pay for the stock six years from now if the expected rate of return will stay at the same level? A) $25.45 B) $33.00 C) $45.00 D) $62.50 E) $92.50