Mathematics, 18.08.2020 14:01, mitch729

Troll Inc. has an outstanding issue of perpetual preferred stock with an annual dividend of $9.50 per share. If the required return on this preferred stock is 6.5%, at what price should the stock sell? * a) $104.27 b) $106.95 c) $109.69 d) $146.15 e) None of the above

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Troll Inc. has an outstanding issue of perpetual preferred stock with an annual dividend of $9.50 pe...