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McKerley Corp. has preferred stock outstanomg that will pay an annual divident of $5.35 per share with the first dividend exactly 13 years from today.
McKerley Corp. has preferred stock outstanomg that will pay an annual divident of $5.35 per share with the first dividend exactly 13 years from today. if the required return is 3.93 percent, what is the current price of the stock?
1. $85.72
2. $82.48
3. $79.36
4. $136.13
5. $130.98
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