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Click here to read the eBook: Preferred Stock PREFERRED STOCK RATE OF RETURN What will be the nominal rate of return on a perpetual preferred
Click here to read the eBook: Preferred Stock PREFERRED STOCK RATE OF RETURN What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 7% of par, and a current market price of (a) $56.00,(b) 583.00, (c) $113.00, and (d) $140.00? Round your answers to two decimal places b % C. d 9 Click here to read the eBook: Constant Growth Stocks CONSTANT GROWTH VALUATION Tresnan Brothers is expected to pay a $1.8 per share dividend at the end of the year (e., D. - $1.8). The dividend is expected to grow at a constant rate of 7% a year. The required rate of return on the stock, ris 12%. What is the stock's current value per share? Round your answer to two decimal places
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