Business, 14.04.2020 18:14, bettybales1986
McKerley Corp. has preferred stock outstanding that will pay an annual dividend of $5.95 per share with the first dividend exactly 11 years from today. If the required return is 4.05 percent, what is the current price of the stock?
a. $71.15.
b. $120.10.
c. $68.54.
d. $73.86.
e. $124.67.
Answers: 3
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