Winipeg inc has just issued some new preferred stock the, Financial Management

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Winipeg inc has just issued some new preferred stock the

Winipeg Inc. has just issued some new preferred stock. The issue will pay an annual dividend of $9 in perpetuity, beginning five years from now. If the market requires a return of 6.8 percent on this investment, how much does a share of preferred stock cost today?

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Financial Management: Winipeg inc has just issued some new preferred stock the

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