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A preferred stock pays $1 dividend per year and the current require rate is 5%. What is the fair value of the preferred stock?
A preferred stock pays $1 dividend per year and the current require rate is 5%. What is the fair value of the preferred stock?
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
