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A firm issues preferred stock with a dividend of $3.97. If the appropriate discount rate is 11.63% what is the value of the preferred stock?
A firm issues preferred stock with a dividend of $3.97. If the appropriate discount rate is 11.63% what is the value of the preferred stock?
Answer format: Currency: Round to: 2 decimal places
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Finance For Non Financial Managers
Authors: Pierre Bergeron
6th Edition
0176501630, 9780176501631
