Question
Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $3.27 every year in perpetuity. If the required return is
Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $3.27 every year in perpetuity. If the required return is 3.54 percent, what is the current stock price?
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$92.37
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$95.64
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$83.14
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$89.21
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$86.21
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Public Finance
Authors: Harvey S Rosen
7th Edition
0072876484, 978-0072876482
