If the required return on the preferred stock is 690
A preferred stock from Hecla Mining Co. (HLPRB) pays $3.90 in annual dividends.
If the required return on the preferred stock is 6.90 percent, what is the value of the stock? (Round your answer to 2 decimal places.)
Value of stock $
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1 the bid-ask spread exists because of a market inefficienciesb discontinuities in the marketsc the need for dealers
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a preferred stock from hecla mining co hlprb pays 390 in annual dividendsif the required return on the preferred stock
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