How much should each share of such stock sell for
Problem
A company sells "preferred stock" shares. It offers a $7.8 dividend at the end of each year indefinitely. If the appropriate discount rate is 4.92%, how much should each share of such stock sell for?
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It offers a $7.8 dividend at the end of each year indefinitely. If the appropriate discount rate is 4.92%, how much should each share of such stock sell for?
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