Zap incs preffered stock pays out a quarterly dividend of


Zap Inc's preffered stock pays out a quarterly dividend of $0.75. The firm's beta on preffered stock is $1.50, the T-bill is 3%, the S&P is 12%. What is the current price of the preffered stock?

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Financial Management: Zap incs preffered stock pays out a quarterly dividend of
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