Question
Miller/Hershey's preferred stock is selling at $54 on the market and pays an annual dividend of $4.00 per share. If an investor's required rate of
Miller/Hershey's preferred stock is selling at $54 on the market and pays an annual dividend of $4.00 per share. If an investor's required rate of return is 8%, what is the value of the stock to that investor?
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A Guide To Starting Your Hedge Fund
Authors: John Thompson, Erik Serrano Berntsen
1st Edition
0470519401, 978-0470519400
