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A preferred stock will have an annual dividend next period of $1.27 that will be paid each year in perpetuity. The discount rate is 3%.
A preferred stock will have an annual dividend next period of $1.27 that will be paid each year in perpetuity. The discount rate is 3%. What is the current price of the stock?
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
