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Please answer both fast and accurately Ajax Company has issued perpetual preferred stock with a par of $100 and a dividend of 6 percent. If
Please answer both fast and accurately
Ajax Company has issued perpetual preferred stock with a par of $100 and a dividend of 6 percent. If the required rate of return is 7.75 percent, what is the preferred stock's current market price? (Round off to the two decimal places.) $53.27 $62.14 $70.97 $77.42 Step by Step Solution
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