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Score: 0 of 1 pt + 2 of 9 (0 complete) HW Score: 0%, 0 of 9 pt Problem 8-3 (similar to) Question Help (Preferred

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Score: 0 of 1 pt + 2 of 9 (0 complete) HW Score: 0%, 0 of 9 pt 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 $125 par value? The appropriate discount rate for a stock of this risk level is 12 percent The value of the preferred stock is (Round to the nearest cent) om

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