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Company preferred stock has a 5% coupon based on a par value of $60 a share. Currently, investors require a 4% return. What is the
Company preferred stock has a 5% coupon based on a par value of $60 a share. Currently, investors require a 4% return. What is the value of the companies stock?
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Principles Of Finance
Authors: Besley, Scott Besley, Eugene F Brigham, Brigham
4th Edition
0324655886, 9780324655889
