Preferred stock valuation calculate the value of a, Financial Management

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Preferred stock valuation calculate the value of a

(Preferred stock valuation) Calculate the value of a preferred stock that pays a dividend of $8.00 per share when the market's required yield on similar shares is 13 percent. (Round to the nearest cent.)

a. The value of the preferred stock is $ per share

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Financial Management: Preferred stock valuation calculate the value of a

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