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28-08-2021
Mathematics

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A preferred stock from ABC pays $3.55 in annual dividends. If the required return on the preferred stock is 6.7%, what is the value of the stock?

Respuesta :

28-08-2021

Answer:

The value of the stock is $52.99 or $53.

Step-by-step explanation:

Annual dividend per share

Cost of preferred stock

=

$

3.55

6.7

%

=

$

52.99

hope this helps :)

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