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Tech Company issued preferred stock many years ago. It carries a fixed dividend of $6 per share. With the passage of time, yields mave
Tech Company issued preferred stock many years ago. It carries a fixed dividend of $6 per share. With the passage of time, yields mave changed from the original 13 percent to 19 percent (yield is the same as required rate of return). . What was the original issue price? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Original issue price b. What is the current value of this preferred stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Cument value
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