principles of financial management hw 5 question 2

= Homework: HW 5 (Ch. 8) Question 2, Problem 8-1... HW Score: 0%, 0 of 10 points O Points: 0 of 1 Save (Preferred stock valuation) What is the value of a preferred stock when the dividend rate is 14 percent on a $75 par value? The appropriate discount rate for a stock of this risk level is 8 percent. C. The value of the preferred stock is $ (Round to the nearest cent.)