b. Silicon also issued preferred shares (constant dividends paid every year forever) with a stated value...

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b. Silicon also issued preferred shares (constant dividends paid every year forever) with a stated value of $100 each with 5% dividends 5 years ago. The next dividend will be paid today and you will receive the next dividend. The required return on the preferred stock is 4%. What is the price of the preferred stock today? (5 points) b. Silicon also issued preferred shares (constant dividends paid every year forever) with a stated value of $100 each with 5% dividends 5 years ago. The next dividend will be paid today and you will receive the next dividend. The required return on the preferred stock is 4%. What is the price of the preferred stock today? (5 points)