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REFERRED STOCK VALUATION arley Corporation issued perpetual preferred stock with a 11% annual dividend. The stock currently yields 7%, and its par value is $100.
REFERRED STOCK VALUATION arley Corporation issued perpetual preferred stock with a 11% annual dividend. The stock currently yields 7%, and its par value is $100. a. What is the stock's value? Round your answer to two decimal places. k's yield up to 13%, what is
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