If your required rate of return is 919 percent how much


TrueCrypt Co. has made a new issue of preferred stock. The stock will pay a regular annual dividend of $14, but the first dividend will be paid only 17 years from now.

If your required rate of return is 9.19 percent, how much would you be willing to pay for it today?

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Financial Management: If your required rate of return is 919 percent how much
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