Question
Assume Morrison Inc. has issued a share of preferred stock that pays an annual dividend of $12. The relevant interest rate is 6%. Using the
Assume Morrison Inc. has issued a share of preferred stock that pays an annual dividend of $12. The relevant interest rate is 6%.
Using the forward valuing method, what is the preferred stocks price if the first dividend is in exactly 4 months?
| $200.00 | ||
| $207.92 | ||
| $203.92 | ||
| $208.00 |
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Entrepreneurial Finance Finance For Small Business
Authors: Philip J. Adelman
1st Edition
0138129835, 9780138129835
