Question
The required rate of return on TKF preferred has fallen from 5.75% at the time of issue to the present rate of 5%. The stock
The required rate of return on TKF preferred has fallen from 5.75% at the time of issue to the present rate of 5%. The stock now sells for $115. What was the original price?
Answer is (d), unsure how it was obtained?
A) $75.61
B) $132.25
C) $114
D) $100
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The Oxford Handbook Of Computational Economics And Finance
Authors: Shu-Heng Chen, Mak Kaboudan, Ye-Rong Du
1st Edition
0199844372, 978-0199844371
