3.) 1. If the dividends paid on a preferred stock issue are $4 per share and the cost of preferred stock is

14%, calculate the price of the stock. Assume there are no flotation costs.

if the answer is $10.52 Enter 10.52

assignemnt (EX2)

1. If the dividends paid on a preferred stock issue are $4 per share and the cost of preferred stock is 14%, calculate the price of the stock. Assume there are no flotation costs. if the answer is $10.52 Enter 10.52