Question
E-Eyes.com Bank just issued some new preferred stock. The issue will pay a $12 annual dividend in perpetuity, beginning 6 years from now. If the
E-Eyes.com Bank just issued some new preferred stock. The issue will pay a $12 annual dividend in perpetuity, beginning 6 years from now. If the market requires a 7% return on this investment, how much does a share of preferred stock cost today?
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Introduces Quantitative Finance
Authors: Paul Wilmott
2nd edition
470319585, 470319581, 978-0470319581
