Issued preferred stock with annual dividend

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Reference no: EM132023335

Koala Co. has issued a preferred stock with an annual dividend of $4.50 that will be paid in perpetuity. The economy is expected to grow at a rate of 3% per annum. At a discount rate of 15% the preferred stock will sell at a price of:

Reference no: EM132023335

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Issued preferred stock with annual dividend : Koala Co. has issued a preferred stock with an annual dividend of $4.50 that will be paid in perpetuity.

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