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What should be the prices of the following preferred stocks if comparable securities yield 7 percent? Why are the valuations different? a. MN Inc., $8
What should be the prices of the following preferred stocks if comparable securities yield 7 percent? Why are the valuations different? a. MN Inc., $8 preferred ($100par) b. CH inc., $8 preferred ($100 par) with mandatory retirement after 20 years.
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