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A preferred stock promises to pay $3.66 in interests every year. The required rate of return is 7.60%. What's the fair price of this preferred
A preferred stock promises to pay $3.66 in interests every year. The required rate of return is 7.60%. What's the fair price of this preferred stock?
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Fundamentals of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
5th edition
205989756, 978-0205989751
