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QUESTION 1 Kinder Chocolat Inc. has an outstanding issue of perpetual preferred stock with an annual dividend of $3.15 per share. If the required
QUESTION 1 Kinder Chocolat Inc. has an outstanding issue of perpetual preferred stock with an annual dividend of $3.15 per share. If the required retum on this preferred stock is 2.25%, at what price should the stock sell?
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
7th edition
978-0133856507, 013385650X, 133856437, 978-0133856439
