pmbeachy2943 pmbeachy2943
  • 08-01-2024
  • Business
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What is the value of a $100.00 preferred stock with an annual dividend payment of $8.00, a required return of 5%, and a stated maturity of 30 years?

a. $146.12
b. $160.00
c. $242.15
d. $343.25
e. $484.31

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