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Your company is considering issuing some preferred stock. It would pay a $0.35 annual dividend forever. If investors require a 5% return on investments with
Your company is considering issuing some preferred stock. It would pay a $0.35 annual dividend forever. If investors require a 5% return on investments with similar risk to your preferred stock, how much should it sell for?
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
6th edition
1305637100, 978-1305637108
