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Problem 8-3 (similar to) Question Help (Preferred stock valuation) What is the value of a preferred stock when the dividend rate is 15 percent on

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Problem 8-3 (similar to) Question Help (Preferred stock valuation) What is the value of a preferred stock when the dividend rate is 15 percent on a $75 par value? The appropriate discount rate for a stock of this risk level is 12 percent The value of the preferred stock la SL (Round to the nearest cent)

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