Julie X-Ray Company Paid $2.00 Per Share In Common Stock Dividends Last Year. The Companys Policy Is To Allow Its Dividend To Grow At 5 Percent For 4 Years And Then The Rate Of Growth Changes To 3 Percent Per Year After Year 4 Forever. What Is The Value Of The Stock If The Required Rate Of Return Is 8 Percent? $18.54 $44.27 $33.24 $28.50 O Review This

Question: A firm has determined it can issue preferred stock at $115 per share par value. The stock will pay a $12 annual dividend. The cost of issuing and selling the stock is $3 per share. The cost of the preferred stock is C 6.4 percent 10.4 percent 10.7 percent 12 percent