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Home Q & A Board Other Fields Homework Help Business Management
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mantparn mantparn
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7 years ago
A firm has to pay a dividend of $1.20 per share till perpetuity, a zero growth rate of dividends, and a required return of 10 percent. The value of the firm's preferred stock is ________.
A) $120
B) $10
C) $12
D) $100
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
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donnabandonnaban
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mantparn Author
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#2
7 years ago
Thanks again for helping me in my management class!
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