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A $100 preferred stock pays an annual dividend of $4. Currently, the yield on comparable preferred stock is 6%. What should be the price of
A $100 preferred stock pays an annual dividend of $4. Currently, the yield on comparable preferred stock is 6%. What should be the price of this stock?
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Financial Statement Analysis
Authors: Martin S. Fridson, Fernando Alvarez
5th Edition
1119457149, 978-1119457145
