Business, 02.06.2021 21:20 shakalalewis7255

Timeless Corporation issued preferred stock with a par value of $600. The stock promised to pay an annual dividend equal to 20.0% of the par value. If the appropriate discount rate for this stock is 13.0%, what is the value of the stock

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Timeless Corporation issued preferred stock with a par value of $600. The stock promised to pay an a...