Spposetoyota has non-maturing perpetual preferred stock


SupposeToyota has non-maturing (perpetual) preferred stock outstandingthat pays a $1.00 quarterly dividend and has a required return of 12% APR (3% per quarter). What is the stock worth?

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Finance Basics: Spposetoyota has non-maturing perpetual preferred stock
Reference No:- TGS0619235

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