Question: Builtrite preferred stock has a 8% coupon based on a par value of $60 a share. Currently, investors require a 6% return. What is the

Builtrite preferred stock has a 8% coupon based on a par value of $60 a share. Currently, investors require a 6% return. What is the value of Builtrites preferred stock?

		$42
		$60
		$80
		$45

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