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26 - A firm has the following preferred stocks outstanding: please provide formula and answer PFD A: $40 annual dividend, $1,000 par value, no maturity
26- A firm has the following preferred stocks outstanding: please provide formula and answer
PFD A: $40 annual dividend, $1,000 par value, no maturity
PFD B: $95 annual dividend, $1,000 par value, maturity after twenty-five years
If comparable yields are 9 percent, what should be the price of each preferred stock?
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