Question: Hello, I'm having trouble figuring this out. Can you help me? A firm has an outstanding issue of perpetual preferred stock with an annual dividend

Hello, I'm having trouble figuring this out. Can you help me?

A firm has an outstanding issue of perpetual preferred stock with an annual dividend of $7.5 per share.If the required return on this preferred stock is 6.5%, at what price per share should the stock sell?

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