Determine share of preferred stock
Donald Carter recently bought 100 shares of IMH preferred stock. The preferred stock pays $6 in dividends annually and is currently selling for $75. If your required return is 6% how much are you willing to pay for a share of this preferred stock?
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The preferred stock pays $6 in dividends annually and is currently selling for $75. If your required return is 6% how much are you willing to pay for a share of this preferred stock?
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