The issue will pay a 19 annual dividend in perpetuity


E-Eyes.com Bank just issued some new preferred stock. The issue will pay a $19 annual dividend in perpetuity, beginning 11 years from now.

If the market requires a 12 percent return on this investment, how much does a share of preferred stock cost today?

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Financial Econometrics: The issue will pay a 19 annual dividend in perpetuity
Reference No:- TGS0667790

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