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Glant co has just issued preferred stock with a par value

Finance: Value and Expected rate of return on preferred stock

Question

Glant Co. has just issued preferred stock with a par value of $100 and an annual dividend rate of 8.53 percent. If your required rate of return is 9.25 percent, how much will you be willing to pay for one share of this preferred stock?

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Finance Basics: Glant co has just issued preferred stock with a par value

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Finance Basics: Glant co has just issued preferred stock with a par value

Reference No:- TGS02188363

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