Giant Company has just issued preferred stock with a par value of $100 and an annual dividend rate of 9.81 %. If your required rate of return is 12.85%, how much will you be willing to pay for one share of this preffered stock?
Giant Company has just issued preferred stock with a par value of
$100 and an annual dividend rate of 9.81 %. If your required rate of return is 12.85%, how much will you be willing to pay for one share of this preffered stock?
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