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Citigroup has issued preferred stock that pays a $3.40 dividend every year in perpetuity. If the required return on the preferred stock is 4%, calculate
Citigroup has issued preferred stock that pays a $3.40 dividend every year in perpetuity.
If the required return on the preferred stock is 4%, calculate the value of the stock.
A. $34
B. $85
C. $91
D. $123
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Mathematics Of Finance
Authors: Robert Brown, Petr Zima
2nd Edition
0071756051, 9780071756051
