CNCT ACC CORPORATE FINANCE
CNCT ACC CORPORATE FINANCE
12th Edition
ISBN: 9781264604081
Author: Ross
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 9, Problem 19QAP

Valuing Preferred Stock Fifth National Bank just issued some new preferred stock. The issue will pay an annual dividend of $ 4 in perpetuity, beginning five years from now. If the market requires a return of 4.3 percent on this investment, how much does a share of preferred stock cost today?

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CNCT ACC CORPORATE FINANCE

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Dividend explained; Author: The Finance Storyteller;https://www.youtube.com/watch?v=Wy7R-Gqfb6c;License: Standard Youtube License