Eyes.com just issued some new 20/20 preferred stock. The issue will pay an annual dividend of $17
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Eyes.com just issued some new 20/20 preferred stock. The issue will pay an annual dividend of $17 in perpetuity, beginning 6 years from now. If the market requires a return of 3.1 percent on this investment, how much does a share of preferred stock cost today?
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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