If the required return on the preferred stock is 690


A preferred stock from Hecla Mining Co. (HLPRB) pays $3.90 in annual dividends.

If the required return on the preferred stock is 6.90 percent, what is the value of the stock? (Round your answer to 2 decimal places.)

Value of stock $

Request for Solution File

Ask an Expert for Answer!!
Financial Management: If the required return on the preferred stock is 690
Reference No:- TGS02651473

Expected delivery within 24 Hours