Suppose The Pancake House's preferred stock pays an annual dividend of $4.29 per share. How much...

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Suppose The Pancake House's preferred stock pays an annual dividend of $4.29 per share. How much are you willing to pay for one share if you require a 9% rate of return? (Round your answer to two decimal point) Suppose The Pancake House's preferred stock pays an annual dividend of $4.29 per share. How much are you willing to pay for one share if you require a 9% rate of return? (Round your answer to two decimal point)

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ANSWER To determine how much you are willing to pay for one share of The Pancake Houses pre... View the full answer