What is the price of the given stock

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Question: A preferred stock of ABC Company will pay a dividend of $8 in the upcoming year and every year thereafter. The market risk premium is 4% and the company's beta is 1.2, and the risk free rate is 3.5%. What is the price of this stock? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132048194

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