Octimus Inc has a $125 par fixed rate perpetual preferred stock outstanding with a dividend of 9 5 The stock is currently trading for $120 Given a required rate of return of 12 , what is the value of the stock $ Number Round your answer to the nearest cent Octimus Inc has a $125 par fixed rate per...

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Corporate Financial Management

ISBN: 978-0273758839

5th edition

Authors: Glen Arnold

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Posted Date: Mar 22, 2024 01:25 AM

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Octimus Inc. has a $125 par fixed-rate perpetual preferred stock outstanding with a dividend of 9.5%....

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Corporate Financial Management

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