Question
A preferred stock from Hecla Mining Co. (HLPRB) pays $3.00 in annual dividends. If the required rate of return on the preferred stock is 7.2
| A preferred stock from Hecla Mining Co. (HLPRB) pays $3.00 in annual dividends. If the required rate of return on the preferred stock is 7.2 percent, what is the fair present value of the stock? (Round your answer to 2 decimal places. (e.g., 32.16)) |
| Fair present value | $ |
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Handbook Of Financial Econometrics
Authors: Yacine Ait-Sahalia, Lars Peter Hansen
1st Edition
044450897X, 978-0444508973
