In September 2024
Answer to Question #190704 in Financial Math for Sareen
An oil company has issued preferred stock with $10 annual dividend that will be paid in perpetuity.
a. If the discount rate is 14%. What price must the stock sale?
Annual dividend = $10.00
Discount rate = 14%
Stock price = Annual dividend/Discount rate
Stock price = $10.00/0.14
Stock price = $71.43
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