Question: PLEASE DO NOT USE EXCEL!!!! Problem 1 2 - 5 Preferred Stock Price Suppose that a preferred stock is paying an annual dividend of $

PLEASE DO NOT USE EXCEL!!!!
Problem 12-5 Preferred Stock Price
Suppose that a preferred stock is paying an annual dividend of $5.75, has a 7% rate of return, and is callable in 10 years at a price of $210.
What should be the price of each share?
The price of each share should be $
. Round your answer to the nearest two decimal places.
PLEASE DO NOT USE EXCEL!!!! Problem 12-5 Preferred Stock Price Suppose

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