What is the value of a preferred stock when the dividend rate is
15
percent on a
$ 100
par value? the appropriate discount rate for a stock of this risk level is
11
percent.
the value of the preferred stock is
$nothing .
(round to the nearest cent.)

The value of the preferred stock is  136.36.

Step-by-step explanation:

Consider the provided information.

The dividend rate is 15% or 0.15.

Per value of a preferred stock or face value is $100.

The appropriate discount rate for a stock of this risk level is 11% or 0.11.

Preferred Stock dividend = Face value × Dividend rate

Substitute the respective values in the above formula.

Preferred Stock Dividend = Face value × Dividend rate

                         = 100 × 0.15

                         = 15 per share

Value of preferred stock =

Value of preferred stock =

                                         =

Hence, the value of the preferred stock is  136.36.

32/80  

91/140

the last one 54 doesn't go into 45. 54/100 ?

step-by-step explanation: