Glacier Inc. Preferred stock has a 5% stated dividend percentage, and a $100 par value. What is
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Question:
Glacier Inc. Preferred stock has a 5% stated dividend percentage, and a $100 par value. What is the value of the stock if your required rate of return is 6% per year?
A. $83.33
B. $94.05
C. $100.00
D. $30.00
Expert Answer:
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