Question
A preferred stock pays an annual dividend of $5.65 (this is a Perpetuity, dividends occur each year forever ). What is one share of this
A preferred stock pays an annual dividend of $5.65 (this is a Perpetuity, dividends occur each year forever). What is one share of this stock worth today if the rate of return is 8.95 percent compounded annually?
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Financial Management Principles and Application
Authors: Arthur J. Keown, J. William Petty, David F. Scott, Jr.
10th edition
536514119, 536514110, 978-0536514110
