Find the value of stock

+ MT480M3 Lab Competency Assessment Question 10 of 10 -/4 E Que ACCO Que Acco View Policies Current Attempt in Progress You are interested in buying the preferred stock of a bank that pays a dividend of $1.60 every quarter. If you discount such cash flows at 10 percent, what is the value of this stock? Que Acco Value of the stock $ Qu Acer Save for Later Attempts: unlimited Submit Answer Qu Qu Acc Vi