Answer to Question #180409 in Finance for mezbaan

Question #180409

1. Resume Inc. preferred stock has a 4% stated dividend percentage, and a $100 par value. What is the value of the stock if your required rate of return is 7% per year?

Expert's answer

"4\u00f7(0.07-0.04) \n= 4\u00f70.03\n=133.33"

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