Question
A preferred stock from Duquesne Light Company (DQUPRA) pays $4.10 in annual dividends. If the required return on the preferred stock is 7.00 percent, whats
| A preferred stock from Duquesne Light Company (DQUPRA) pays $4.10 in annual dividends. |
| If the required return on the preferred stock is 7.00 percent, whats the value of the stock? (Round your answer to 2 decimal places.) |
| Value of stock | $ |
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Public Finance
Authors: Richard W. Tresch
4th Edition
0128228644, 978-0128228647
