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Question You are interested in buying the preferred stock of a bank that pays a dividend of $1.45 every quarter. If you discount such cash flows at 10 percent, what is the value of this stock? Value of the stock$( ).

Question

You are interested in buying the preferred stock of a bank that pays a dividend of $1.45 every quarter. If you

discount such cash flows at 10 percent, what is the value of this stock? 

Value of the stock$( ).

 
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