Preferred stock valuation what is the value of a preferred, Financial Management

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Preferred stock valuation what is the value of a preferred

(Preferred stock valuation?) What is the value of a preferred stock when the dividend rate is 16 percent on a $100 par? value? The appropriate discount rate for a stock of this risk level is 10 percent.

The value of the preferred stock is $

Round to the nearest cent

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Financial Management: Preferred stock valuation what is the value of a preferred

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Financial Management: Preferred stock valuation what is the value of a preferred

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