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a firm's preferred shares are currently trading at $20 per share which pays $0.5 in one year, which will grow at a constant rate of

a firm's preferred shares are currently trading at $20 per share which pays $0.5 in one year, which will grow at a constant rate of 5% every year. What is the cost of preferred equity?

adhd would like to see steps

if can be solve with excel price write formula too.

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