What is the stock value

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A company has an issue of preferred stock outstanding that pays an annual dividend of $6.20. If the discount rate for the stock is 11%, what is the stock's value?

Reference no: EM13944938

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What is the stock value : A company has an issue of preferred stock outstanding that pays an annual dividend of $6.20. If the discount rate for the stock is 11%, what is the stock's value
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