Question: You are planning to purchase 100 shares of preferred stock
You are planning to purchase 100 shares of preferred stock and must choose between stock in Kristen Corporation and Titus Corporation. Your required rate of return is 9 percent. If the stock in Kristen pays a dividend of $ 2 and is selling for $ 23 and the stock in Titus pays a dividend of $ 3.25 and is selling for $ 31, which stock should you choose?
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