Question: When inputting an answer, the sheet automatically displays the required decimal places. If you need to use a calculated number for further calculations, DO NOT

When inputting an answer, the sheet automatically displays the required decimal
places. If you need to use a calculated number for further calculations,

When inputting an answer, the sheet automatically displays the required decimal places. If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to the required decimal places. Q2) What is the value of a share of preferred stock that promises to pay $2.47 every year, indefinitely, if you have a required rate of return of 8.08%?2 points)

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