Compute the share price, Dividends are paid quarterly.

Compute the share price

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Reference no: EM133328177

Question: Sennheiser's 6.25% non-cumulative preferred stock has a par value of $1,500.00. Dividends are paid quarterly. Sennheiser's preferred stockholders require an annual return of 8.00%, compounded quarterly. Compute the share price.

Reference no: EM133328177

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