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Title: Sacramento Light & Power issued preferred stock in 1998 that had a par value of $85. The ... Post by: papahomer on May 31, 2017 Sacramento Light & Power issued preferred stock in 1998 that had a par value of $85. The preferred stock pays a dividend of 5.75%. Investors require a rate of return of 6.50% today on this stock. What is the value of the preferred stock today? Round to the nearest $1.
A) $100 B) $85 C) $75 D) $16 Title: Re: Sacramento Light & Power issued preferred stock in 1998 that had a par value of $85. The ... Post by: David_hess on May 31, 2017 Content hidden
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