Department 65 has an issue of preferred stock
Department 65 has an issue of preferred stock that pays a dividend of $4.00. The preferred stockholders require a rate of return on this stock of 9%. At what price should the preferred stock sell for? Round off to the nearest $0.10.
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Please make a summary for the articles in attachment. Each summary should be in points . Around 150 - 200 word. Please not copy from the article.
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