Solved: Find the value of the preferred share, Finance Basics

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Find the value of the preferred share

Question:

A firm issued a preferred stock which matures in 30 years and carries a maturity value of $45. The dividend is $4 per year over the 30 year period. The current market discount rate for this stock is 8%. What is the value of the preferred share?

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Finance Basics: Find the value of the preferred share

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Finance Basics: Find the value of the preferred share

Reference No:- TGS02071833

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