I have purchased a preferred stock whose par value is 500, Finance Basics

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I have purchased a preferred stock whose par value is 500

I have purchased a preferred stock whose par value is $500. The preferred stock pays a 4.5% dividend. If investors require a 5.5% rate of return for these shares, what price should the preferred stock sell for?

A. $611.11

B. $508.33

C. $409.09

D. $81.82

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Finance Basics: I have purchased a preferred stock whose par value is 500

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Finance Basics: I have purchased a preferred stock whose par value is 500

Reference No:- TGS0637781

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Allison radios manufactures a complete line of radio and

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: I have purchased a preferred stock whose par value is 500

Reference No:- TGS0637781

Recent Questions Asked Finance Basics

Q : Allison radios manufactures a complete line of radio and

Q : Assume that the heat of combustion of benzene is -418 x 103

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