Kellerman has 75 par value preferred stock it pays a


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Kellerman has $75 par value preferred stock. It pays a dividend of $1.25 and the required rate of return is 7.5%

What is the value of this stock today?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Financial Management: Kellerman has 75 par value preferred stock it pays a
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