Question: Chapter 8 Homework Assignment Question 6(of 8) 6. 12.50 points value A preferred stock from Hecla Mining Co. (HLPRB) pays $4.60 in annual dividends. If

Chapter 8 Homework Assignment Question 6(of 8) 6. 12.50 points value A preferred stock from Hecla Mining Co. (HLPRB) pays $4.60 in annual dividends. If the required return on the preferred stock is 7.60 percent, what is the value of the stock? (Round your answer to 2 decimal places.) Value of stock References eBook& Resources Worksheet Difficulty: 1 Basic Check my work

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