What is the value of the stock-duquesne light company

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"A preferred stock from Duquesne Light Company (DQUPRA) pays $3.55 in annual dividends. If the required return on the preferred stock is 6.7 percent, what is the value of the stock?" (Cornett et al., 2019, p. 257).

Explain why the growth rate of preferred stock is 0%.

Reference no: EM132627090

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