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Business, 12.03.2020 02:35 livingfamyboys35

A preferred stock pays a dividend of $3.50 in perpetuity. If the return required by shareholders is 11%, then the price per share for this preferred stock is: (Round to the nearest cent. Do not include the dollar sign in your answer. (i. e. If your answer were $1.23, then type 1.23 without a $ sign))

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A preferred stock pays a dividend of $3.50 in perpetuity. If the return required by shareholders is...
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