Question: please use excel to support your answer. Question 8 0/2 points A preferred stock promises to pay $4.00 in interests every year. The required rate

please use excel to support your answer.

Question 8 0/2 points A preferred stock promises to pay $4.00 in interests every year. The required rate of return is 6.52%. What's the fair price of this preferred stock? Answer: * (61.35)

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