You plan to purchase LegalZoom Corporation's new issue of preferred stock. LegalZoom's preferred stock will pay...
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You plan to purchase LegalZoom Corporation's new issue of preferred stock. LegalZoom's preferred stock will pay a $17.50 dividend per year, with the first dividend payable 14 years from now. If you have a 10% required return for LegalZoom's preferred stock, what is this preferred stock worth to you today? Input your answer with a "$" and two decimal places. For example, if your answer is 234.567, enter your answer as $234.57 fill in blank You plan to purchase LegalZoom Corporation's new issue of preferred stock. LegalZoom's preferred stock will pay a $17.50 dividend per year, with the first dividend payable 14 years from now. If you have a 10% required return for LegalZoom's preferred stock, what is this preferred stock worth to you today? Input your answer with a "$" and two decimal places. For example, if your answer is 234.567, enter your answer as $234.57 fill in blank
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Related Book For
Essentials Of Corporate Finance
ISBN: 9780073405131
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
Posted Date:
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