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Molen Inc. has an outstanding issue of perpetual preferred stock with an annual dividend of $4.50 per share. If the required return on this preferred
Molen Inc. has an outstanding issue of perpetual preferred stock with an annual dividend of $4.50 per share. If the required return on this preferred stock is 6.5%, at what price should the stock sell?
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Financial Management Principles And Applications
Authors: Arthur J. Keown
9th Edition
013033362X, 9780130333629
