Business, 10.03.2020 02:01 rhineharttori

A firm's preferred stock pays a $4.25 dividend per year. Suppose the requred rate of return on the stock is 9%. What is the price of one share of preferred stock? Round to the nearest cent. Do not include the dollar sign in your answer. (i. e. If your answer were $1.23, then type 1.23 without a $ sign)

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A firm's preferred stock pays a $4.25 dividend per year. Suppose the requred rate of return on the s...