If a preferred stock from pfizer inc pfe pays 300 in annual
If a preferred stock from Pfizer Inc. (PFE) pays $3.00 in annual dividends, and the required return on the preferred stock is 7 percent, what's the value of the stock?
a. $0.21
b. $21.00
c. $0.43
d. $42.86
Now Priced at $10 (50% Discount)
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if a preferred stock from pfizer inc pfe pays 300 in annual dividends and the required return on the preferred stock is
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