Question: Pls provide step by step solution 2. PGE preferred stock will pay an annual dividend of $12 per share in perpetuity beginning 8 years from

Pls provide step by step solution

2. PGE preferred stock will pay an annual dividend of $12 per share in perpetuity beginning 8 years from now. What is one share of this stock worth today if the market requires a return of 9.5 percent? a. $63.09 b. $126.32 C. $66.92 d. $61.11 8. Investors require a 100 basis point liquidity or term premium for holding a bond of a 2 vear

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