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Please answer #19. c. fixed for the life of the bond d. the market rate of interest 19, UVP preferred stock pays an annual dividend

Please answer #19. image text in transcribed
c. fixed for the life of the bond d. the market rate of interest 19, UVP preferred stock pays an annual dividend of 5%. Par value of UVP's preferred stock is $100 per share. If your required rate of return is 13%, how much will you be willing to pay for one share? a. S 38.46 b. S 26.26 c. $65.46 d. $100.00 20. Which of the following is false? a. preferred stock has some characteristics of both common stock and bonds b. common stockholders are essentially creditors of the firm e, the pre-emptive right on common stock protects the sharcholder from dilution irn ownership and value 21. Preferred dividends are tax deductible whereas common dividends are not. a. True

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