A preferred stock pays a 7 dividend and the required rate


A preferred stock pays a $7 dividend, and the required rate of return that investors have for this stock is 9%. Given these conditions, what is today's value of the stock?

$63.00
$77.78
$16
$1.29
$0.78

 

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Finance Basics: A preferred stock pays a 7 dividend and the required rate
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