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with step and formual 10-8 Problem 10-8 Preferred stock valuation Stock a. What is the stock's value? Round your answer to two decimal places. b.

with step and formual

10-8 Problem 10-8 Preferred stock valuation Stock a. What is the stock's value? Round your answer to two decimal places. b. Suppose interest rates rise and pull te preferred stock's yield up to 11%. What would be its new market value? Round your answer to two decimal places. .5

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