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A share of perpetual preferred stock pays a fixed dividend of $5.25 annually. If you would like a return of 8.50% on this preferred, what
A share of perpetual preferred stock pays a fixed dividend of $5.25 annually. If you would like a return of 8.50% on this preferred, what is the most that you would be willing to pay for it today?
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Investments An Introduction
Authors: Herbert B Mayo
10th Edition
0538452099, 9780538452090
