Business, 06.05.2020 08:39, caitlyn73

Patrick Company expects to generate freeminuscash of $120,000 per year forever. If the firm's required return is 12 percent, the market value of debt is $300,000, the market value of preferred stock is $70,000, and the company has 100,000 shares of stock outstanding. What is the value of Patrick's stock?

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Patrick Company expects to generate freeminuscash of $120,000 per year forever. If the firm's requir...