Question
Google issued $2 million of 7% preferred stock at $700.00 per share. $49.00 is the fixed, annual dividend per share with no expected growth. If
Google issued $2 million of 7% preferred stock at $700.00 per share. $49.00 is the fixed, annual dividend per share with no expected growth. If an investor requires a 10% return on Google preferred shares, what is the value is of the preferred stock per share?
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Inefficient Markets An Introduction To Behavioral Finance
Authors: Andrei Shleifer
1st Edition
0198292279, 978-0198292272
