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P8-22 Valuing Preferred Stock [LO1] E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $9 in perpetuity, beginning 9
P8-22 Valuing Preferred Stock [LO1] E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $9 in perpetuity, beginning 9 years from now. If the market requires a 10 percent return on this investment, how much does a share of preferred stock cost today? Multiple Choice $41.99 $90.00 $44.08 $38.17 $39.89 Step by Step Solution
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Millon Cornett
1st International Edition
0071181334, 9780071181334
