Question: 1 2 Joseph is considering purchasing some preferred stock from Carla Vista Corp. The company pays a $4 annual dividend per share on its preferred

1 2 Joseph is considering purchasing some preferred stock from Carla Vista

Corp. The company pays a $4 annual dividend per share on its

Joseph is considering purchasing some preferred stock from Carla Vista Corp. The company pays a $4 annual dividend per share on its preferred stock, and similar risk companies are earning 8% annual returns. What should be the value of the stock per share? $3.20 $500.00 $32.00 $50.00

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