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The First Bank of Flagstaff has issued perpetual preferred stock with a $100 par value. The bank pays a quarterly dividend of $1.80 on this
The First Bank of Flagstaff has issued perpetual preferred stock with a $100 par value. The bank pays a quarterly dividend of $1.80 on this stock. What is the current price of this preferred stock given a required rate of return of 15.0 percent? (Round answer to 2 decimal places, e.g. 15.25.) Current price $
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International Finance For Non Financial Managers
Authors: Dora Hancock
1st Edition
0749480017, 9780749480011
