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Companies that have preferred stock outstanding promise to pay a stated dividend for an infinite period. Preferred stock is treated like a perpetuity if company
Companies that have preferred stock outstanding promise to pay a stated dividend for an infinite period. Preferred stock is treated like a perpetuity if company into bankruptcy. Consider the following case of Marston Manufacturing Company: $100.00 per share. What is the value of Marston's preferred stock? $100.00 per share \$74.63 per share $89.56 per share $111.94 per share preferred stock will
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