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A preferred stock from Duquesne Light Company (DQUPRA) pays $3.50 in annual dividends. If the required return on the preferred stock is 6.40 percent, whats
| A preferred stock from Duquesne Light Company (DQUPRA) pays $3.50 in annual dividends. |
| If the required return on the preferred stock is 6.40 percent, whats the value of the stock? |
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International Financial Management
Authors: Jeff Madura
2nd Edition
0314430296, 978-0314430298
