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7. The preferred stock of Lewis-Schultz Enterpris...

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7. The preferred stock of Lewis-Schultz Enterprises pays an annual dividend of $6.00. What is the required return if the market value of the preferred stock: a) $60 b) $70 c) $80 8. An issue of common stock's most recent dividend is $3.75. Its growth rate is 8%. What is its price if the market's rate of return is 16%? A. $25.01 B. $46.88 C. $50.63 D. none of these

 

Paper#6928 | Written in 18-Jul-2015

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