Business, 03.11.2020 16:30 Tthhdd5790

Sunkwa Inc. just issued some new preferred stock. The issue will pay annual dividend of $13.20 per share in perpetuity, beginning 8 years from today. No dividend will be paid in the first 7 years. If the market requires a return of 7.43 percent on this investment, how much should a share of this preferred stock cost today

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Sunkwa Inc. just issued some new preferred stock. The issue will pay annual dividend of $13.20 per s...

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