Kale Corporation issued perpetual preferred stock with a 2% annual dividend. The stock currently yields 6.5%, and its par value is $100. What is the
Kale Corporation issued perpetual preferred stock with a 2% annual dividend. The stock currently yields 6.5%, and its par value is $100. What is the stock's value? $23.38 $38.15 $32.92 $28.53 $30.77
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