kijhytg7107 kijhytg7107

02-11-2022
Business

Answered

e-eyes (links to an external site.) has a new issue of preferred stock it calls 20/20 preferred. the stock will pay a $20 dividend per year, but the first dividend will not be paid until 20 years from today. if you require a return of 7.1 percent on this stock, how much should you pay today?

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