Q4. In 2019, Ming Berhad issued a RM150 par value preferred stock that pays an 8 percent

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Q4.	In 2019, Ming Berhad issued a RM150 par value preferred stock that pays an 8 percent annual dividend. Due to changes in the overall economy and in the company\'s financial condition, investors are now requiring a 16 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?
	a. RM80
	b. RM75
	c. RM59
	d. RM95
	e. RM110

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Fundamentals of Investment Management

Fundamentals of Investment Management

ISBN: 978-0078034626

10th edition

Authors: Geoffrey Hirt, Stanley Block

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Posted Date: Oct 21, 2020 01:06 AM

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