Farley inc has perpetual preferred stock outstanding that
Preferred stock valuation
Farley Inc. has perpetual preferred stock outstanding that sells for $38.00 a share and pays a dividend of $3.00 at the end of each year. What is the required rate of return? Round your answer to two decimal places.
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problem -pittsburgh aeronautics has 450000 shares of common stock and 153000 shares of non cumulative convertible
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