Question: Problem 02 In 2016, Venus Fly Co. issued a $75 par value preferred stock which pays a 7 percent annual dividend. Due to changes in

Problem 02 In 2016, Venus Fly Co. issued a $75 par value preferred stock which pays a 7 percent annual dividend. Due to changes in the overall economy and in the company's financial condition investors are now requiring a 5 percent return. What price would you be willing to pay for a share of the preferred if you receive your first dividend one year from now

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