Mullen inc has an outstanding issue of perpetual preferred


Mullen Inc has an outstanding issue of perpetual preferred stock with an annual dividend of $2.40 per share. If the required return on this preferred stock is 6.5%, at what price should the stock sell? PLEASE round your answer 2 decimal places.

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Financial Management: Mullen inc has an outstanding issue of perpetual preferred
Reference No:- TGS02395421

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