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If the required rate of return is higher than the dividend rate of a preferred share, the par value is _______________ the current market value
If the required rate of return is higher than the dividend rate of a preferred share, the par value is _______________ the current market value of the preferred share.
equal to
less than
higher than
independent of
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Cases In Healthcare Finance
Authors: Louis Gapenski
5th Edition
1567936113, 978-1567936117
