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1. A preferred stock from Duquesne Light Company (DQUPRA) pays $2.10 in annual dividends. If the required return on the preferred stock is 5.4 percent, what’s the value of the stock? (Round your answer to 2 decimal places.)

2. Bankruptcy is a way of getting rid of some, or all, of your debt. Is this a good thing for the United States to have as part of its law? Explain and defend your answer.

3. In 1975 Congress passed the Magnuson-Moss Warranty - Federal Trade commission Improvement Act of 1975. Start your own thread.  Briefly describe key provisions of this Act that changed consumer warranties to assist the consumer.

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