Issued preferred stock with par value

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Karen corporation issued preferred stock with par value $800.the stock promised to pay an annual dividend equal to 20% of the par value. if the appropriate discount rate for this stock is 11%,what is the value of the stock

Reference no: EM13928607

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Issued preferred stock with par value : Karen corporation issued preferred stock with par value $800.the stock promised to pay an annual dividend equal to 20% of the par value. if the appropriate discount rate for this stock is 11%,what is the value of the stock
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