A preferred stock is expected to pay a constant quarterly dividend of $1.25 per quarter into...
A preferred stock is expected to pay a constant quarterly dividend of $1.25 per quarter into the future. The required rate of return, Rs, on the preferred stock is 13.5 percent. What is the fair value (or price) of this stock?
Multiple Choice
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$37.04
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$24.36
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$52.36
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$18.65
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None of these choices are correct.
Homework Answers
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