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Suppose Ford Motors decides to issue preferred equity that entitles the owner of a share to a $5.00 dividend per year. If Fords equity cost

Suppose Ford Motors decides to issue preferred equity that entitles the owner of a share to a $5.00 dividend per year. If Fords equity cost of capital is 4.00%, what price should a share of this preferred equity trade at?

(please show how to do in Excel)

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