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Business, 04.04.2020 12:40 kendallreed39

A preferred stock has a face value of $100 and pays annual dividends at a rate of 8 percent. The required rate of return on this stock is 12 percent. What is the price of this security if the next dividend is paid in exactly one year?

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A preferred stock has a face value of $100 and pays annual dividends at a rate of 8 percent. The req...
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