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Term (1211)) (OX01) / Quiz02 Remaining Time: 00:09:28 Octimus Inc. has a $120 par fixed-rate perpetual preferred stock outstanding with a dividend of 6%.

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Term (1211)) (OX01) / Quiz02 Remaining Time: 00:09:28 Octimus Inc. has a $120 par fixed-rate perpetual preferred stock outstanding with a dividend of 6%. The stock is currently trading for $144. Given a required rate of return of 15%, what is the value of the stock: $ Number Round your answer to the nearest cent

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