Question: Current Attempt in Progress X Your answer is incorrect. You are interested in buying the preferred stock of a bank that pays a dividend of

Current Attempt in Progress X Your answer is incorrect. You are interested in buying the preferred stock of a bank that pays a dividend of $1.45 every quarter. If you discount such cash flows at 10 percent, what is the value of this stock? (Round answer to 2 decimal places, e.g. 15.25.) Value of the stock BA 5.27

You are interested in buying the preferred stock of a bank that pays a dividend of $1.45 every quarter. If you discount such cash flows at 10 percent, what is the value of thits stock? (Round answer to 2 decimal ploces, eg. 15.25.) Value of thestock \$

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