Question: Question 2 5 4 pts LTM , Inc. has an issue of preferred stock whose par value is $ 1 0 0 . The preferred

Question 25
4 pts
LTM, Inc. has an issue of preferred stock whose par value is $100. The preferred stock pays a 4.5% dividend. If investors require a 4% rate of return for these shares, what price should the preferred stock sell for?
$98.37
$136.35
$112.50
$118.05
Question 25 4 pts LTM, Inc. has an issue of preferred

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