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We have a preferred stock which pays 8 per year when we

We have a preferred stock which pays $ 8 per year. When we buy it, the cops is 8% .We keep it for 2 years and then sell it. At that time, cops drops to 4%. What is the price we sell it at? If the stock is called after 4 years at 120%, if the cops is 14%, what is the price?

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Financial Management: We have a preferred stock which pays 8 per year when we

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