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Preferred Products has issued preferred stock with an annual dividend of $5.90 that will be paid in perpetuity. A. If the discount rate is 10%

Preferred Products has issued preferred stock with an annual dividend of $5.90 that will be paid in perpetuity. A. If the discount rate is 10% at what price should the preferred sell? Current price? B. At what price should the stock sell 1 year from now? C. What is the dividend yield. The capital gains yield and the expected rate of return of the stock?

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