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Question 2 Not yet answered Points out of 10.00 Target Corporate (TGT) preferred stocks are expected to pay a $4.85 annual dividend forever. If
Question 2 Not yet answered Points out of 10.00 Target Corporate (TGT) preferred stocks are expected to pay a $4.85 annual dividend forever. If the required rate of return on equivalent investment is 7.45%, a share of TGT's preferred should be worth: Flag question O A. $81.82. O B. $74.45. C. $65.10. D. $50.58.
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Financial Management Theory and Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
2nd Canadian edition
176517308, 978-0176517304
