Question: Problem - XTech issued preferred shares many years ago. They carry a fixed dividend 01 $8 per share. with the passage of time, yields have

Problem - XTech issued preferred shares many years ago. They carry a fixed dividend 01 $8 per share. with the passage of time, yields have soared from the original 15 percent to 18 percent (yield is the same as required rate oi return ). a. What was the original issue price ? (Round the final answer to 2 decimal places .) 5 Original price I

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