9 National Bank has an issue of preferred stock outstanding that pay a $12 annual dividend in perpetuity, beginning 5 years from now The required return is 10 5 , a) What is the current price b) What is the price at t 1 c) What is the price at t 18

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9  National Bank has an issue of preferred stock outstanding that pay a $12 annual dividend in perpetuity, beginning 5 years from now  The required return is 10 5 , a) What is the current price  b) What is the price at t 1   c) What is the price at t 18

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9. National Bank has an issue of preferred stock outstanding that pay a $12 annual dividend in perpetuity, beginning 5 years from now. The required

9. National Bank has an issue of preferred stock outstanding that pay a $12 annual dividend in perpetuity, beginning 5 years from now. The required return is 10.5%, a) What is the current price? b) What is the price at t=1 ? c) What is the price at t=18

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