What is the value of irdina preferred stock

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Irdina Corporation issued preferred stock with a stated dividend of 10% of par. The required rate of retum of this stock is 8%, and the par value is RM100. The market price of this preferred stock is RM200 Assume dividends are paid annually . What is the value of Irdina's preferred stock? b. As an investor, should you purchase this stock? Why?

Reference no: EM132770344

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