Question: Builtrite preferred stock has a 3.5% coupon based on a par value of $80 a share. Currently, investors require a 4% return. What is the

Builtrite preferred stock has a 3.5% coupon based on a par

Builtrite preferred stock has a 3.5% coupon based on a par value of $80 a share. Currently, investors require a 4% return. What is the value of Builtrite's preferred stock? $88.57 $91.43 $70.00 O 72.50

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