An
issue of preferred stock is paying an annual dividend of $5. The growth
rate for the firm’s common stock is 14%. What is the preferred stock
price if the required rate of return is 11%?
A) $45.45
B) $41.67
C) $35.71
D) none of the above
Solution
A) $45.45
B) $41.67
C) $35.71
D) none of the above
Solution
No comments:
Post a Comment
Note: only a member of this blog may post a comment.