Blackstone Corporations $7 preferred was issued five years ago. The risk-appropriate interest rate for the issue is

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Blackstone Corporation’s $7 preferred was issued five years ago. The risk-appropriate interest rate for the issue is currently 11%. What is this preferred selling for today?

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Practical financial management

ISBN: 978-0324422634

5th Edition

Authors: William r. Lasher

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Question Posted: Sep 13, 2012 04:25 AM

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Blackstone Corporations $7 preferred was issued five years ago. The risk-appropriate interest rate for the issue is

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