If the required rate of return in the market is 925 percent, Financial Management

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If the required rate of return in the market is 925 percent

New Day Manufacturing is considering the issuing of $2,000,000 in new preferred shares. The preferred shares will have a par value of $35.00 and pay an annual dividend of $3.15. If the required rate of return in the market is 9.25 percent, what will the preferred share sell for in the market today?

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Financial Management: If the required rate of return in the market is 925 percent

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Financial Management: If the required rate of return in the market is 925 percent

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