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A company has some 8% preferred stock

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Question

A company has some 8% preferred stock (stated value $100) outstanding. How much are you willing to pay for one share of the company preferred stock if you require a 7% rate of return?;A) $87.50;B) $98.11;C) $114.29;D) $123.87;E) $125.14

 

Paper#32773 | Written in 18-Jul-2015

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