Calculate the stock price-hitech inc

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- Preferred stock from HiTech, Inc. pays $1.20 in annual dividend. Calculate the value of the stock if the required return on the preferred stock is 4.5 percent. Explain any calculations step by step and provide all formulas used.

-HiTech, Inc. has earnings per share of $1.82 and a P/E ratio of 31.54. Calculate the stock price. Explain calculations step by step and provide formulas used.

Reference no: EM132680325

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