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Moolen Inc. has an outstanding issue of perpetual preferred stock with an annual dividend of $6 per share. If the required return on this preferred
Moolen Inc. has an outstanding issue of perpetual preferred stock with an annual dividend of $6 per share. If the required return on this preferred stock is 12%, at what price should the stock sell?
$2.00 | ||
$50.00 | ||
$0.72 | ||
$20.00 | ||
$56.00 |
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