Gary wells inc plans to issue perpetual preferred sotck


Question - Gary Wells Inc. plans to issue perpetual preferred sotck with an annual dividend of $6.50 per share. If the required return on theis preferred stock is 6.5%, at what price should the stock sell?

$90.37

$92.69

$95.06

$97.50

$100.00

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Accounting Basics: Gary wells inc plans to issue perpetual preferred sotck
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