Question
CCC Inc. issued preferred stock with an annual dividend of $1.80 per share. If the required return on this preferred stock is 5.75%, then at
CCC Inc. issued preferred stock with an annual dividend of $1.80 per share. If the required return on this preferred stock is 5.75%, then at what price should the stock sell?
| a. | $31.30 | |
| b. | $37.39 | |
| c. | $39.13 | |
| d. | $32.92 | |
| e. | $25.22 |
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Fundamentals Of Corporate Finance
Authors: David W Blackwell, Robert Parrino, David S Kidwell
1st Edition
0471270563, 9780471270560
