Solved: A corporation is making preferred dividend payments of 75, Accounting Basics

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A corporation is making preferred dividend payments of 75

Question - A corporation is making preferred dividend payments of $ .75 per quarter and the rate of return is 6%. What is the price of share of this preferred stock? (Hint: The approach is similar to the calculation of the price of a share of common stock, but just keep in mind that preferred dividends are fixed and do not grow).

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Accounting Basics: A corporation is making preferred dividend payments of 75

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Accounting Basics: A corporation is making preferred dividend payments of 75

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