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The following preferred stocks are returning 8.5% to their owners who purchased the shares when they were issued. Calculate the prices at which they were
The following preferred stocks are returning 8.5% to their owners who purchased the shares when they were issued. Calculate the prices at which they were issued. Round your answers to the nearest dollar.
| Stock | Dividend | Current Price |
| A | 5% | $14.2 |
| B | 8 | 42 |
| C | 10 | 129.65 |
- Stock A.$
- Stock B.$
- Stock C.$
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
