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A perpetual preferred stock pays a $1.75 annual dividend and has a required return of 2.41%. The value is closest to A. $18.66. B. $50.04.
A perpetual preferred stock pays a $1.75 annual dividend and has a required return of 2.41%. The value is closest to
A.
$18.66.
B.
$50.04.
C.
$72.61.
D.
$90.48.
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Analysis For Financial Management
Authors: Robert C. Higgins
5th Edition
0256167036, 9780256167030
