A preferred stock of abc company will pay a dividend of 8, Finance Basics

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A preferred stock of abc company will pay a dividend of 8

Question: A preferred stock of ABC Company will pay a dividend of $8 in the upcoming year and every year thereafter. The market risk premium is 4% and the company's beta is 1.2, and the risk free rate is 3.5%. What is the price of this stock? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: A preferred stock of abc company will pay a dividend of 8

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