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Business, 31.05.2021 15:10 issaaamiaaa15
The First Bank of Baruch has issued perpetual preferred stock with a $100 par value. The bank pays a quarterly dividend of $1.65 on this stock. What is the current price of this preferred stock given a required return of 11.6 percent? (Round your answer to the nearest whole cent.)
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The First Bank of Baruch has issued perpetual preferred stock with a $100 par value. The bank pays a...
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