Question: Builtrite preferred stock has a 5% coupon based on a par value of $40 a share. Currently, investors require a 4% return. What is the

Builtrite preferred stock has a 5% coupon based on a par value of $40 a share. Currently, investors require a 4% return. What is the value of Builtrite's preferred stock? O $45 $41.67 $57.50 $50.00

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