Solution-What price should the preferred stock sell

What price should the preferred stock sell

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Carby Hardware has an outstanding issue of perpetual preferred stock with an annual dividend of $6.20 per share. If the required return on this preferred stock is 6.5%, at what price should the preferred stock sell?

Reference no: EM132675958

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What price should the preferred stock sell

Reference no: EM132675958

Reference no: EM132675958

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