How much would he be will to pay per share

Reference no: EM13285938

Tiger recently bought 100 shares of Nike preferred stock. The preferred stock pays $6 in dividends annually and is currently selling for $75. If his required rate of return on the stock was 10%, how much would he be will to pay per share?

a) $50
b) $60
c) $75
d) $100

Reference no: EM13285938

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