Toshincial corp has some preferred stock outstanding


Toshincial Corp. has some preferred stock outstanding, which is expected to pay an 12% dividend on a $100 par value. Assuming investors require a 5.75% rate of return on their investment, calculate the price per share. (Round to two decimals).

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Financial Management: Toshincial corp has some preferred stock outstanding
Reference No:- TGS02361945

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