Question
A preferred stock pays dividends of $3.78 per share per year indefinitely. If investors require a rate of return of 8.4 percent on this preferred
A preferred stock pays dividends of $3.78 per share per year indefinitely. If investors require a rate of return of 8.4 percent on this preferred stock, what is the price of the stock?
Group of answer choices
a.$31.75
b.$22.22
c.$45.00
d.$60.00
e.$37.80
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Introduction To Financial Technology
Authors: Roy S. Freedman
1st Edition
0123704782, 9780123704788
