Check into a hotel... Palapildomy ULU 5 pts Question 13 Molen Inc. has an outstanding issue...

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Check into a hotel... Palapildomy ULU 5 pts Question 13 Molen Inc. has an outstanding issue of preferred stock with an annual

Answer 1

Answer #1

Value of preferred stock=Annual dividend/required rate

=1.5/0.065

which is equal to

=$23.08(Approx).

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Answer 2

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