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Timeless Corporation issued preferred stock with a par value of $600. The stock promised to pay an annual dividend equal to 10.0% of the par
Timeless Corporation issued preferred stock with a par value of $600. The stock promised to pay an annual dividend equal to 10.0% of the par value. If the appropriate discount rate for this stock is 14.0%, what is the value of the stock?
Question 21 options:
| $667.20 |
| $840.00 |
| $428.57 |
| $351.86 |
| $361.71 |
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