Business
Business, 17.12.2019 06:31, MichaelM416

3m’s preferred stock, which pays an annual dividend of $6 per share, was trading for $60 per share yesterday. however, news broke early this morning that some of the materials the company used for one of his most popular home products is a well-known carcinogenic. consequently, the required rate of return for the stock went up to 12%. what will be the new price of the shares?

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3m’s preferred stock, which pays an annual dividend of $6 per share, was trading for $60 per share y...

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