Question: Two analysts estimating the value of a non - convertible, non - callable, perpetual preferred stock with a constant dividend arrive at different estimated values.
Two analysts estimating the value of a nonconvertible, noncallable, perpetual preferred stock with a constant dividend arrive at different estimated values. The most likely reason for the difference is that the analysts used different:
time horizons.
required rates of return.
estimated dividend growth rates.
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