Principles of financial management hw5 question4

= Homework: HW 5 (Ch. 8) Question 4, Problem 8-2... HW Score: 0%, 0 of 10 points O Points: 0 of 1 Save (Preferred stock valuation) The preferred stock of Gandt Corporation pays a $2.75 dividend. What is the value of the stock if your required return is 14 percent? The value of the preferred stock is $ per share. (Round to the nearest cent.)