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12. Value preferred stock Companies that have preferred stock outstanding promise to pay a stated dividend for an infinite period. (Bottom question) - Suppose that
12. Value preferred stock
Companies that have preferred stock outstanding promise to pay a stated dividend for an infinite period.
(Bottom question) - Suppose that due to high inflation, interest rates rise and pull up the preferred stock's yield to 19.86%. The value of the preffered stock will _____.
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