What should be the price of preferred stock

Reference no: EM132047998

Question: Preferred stock B has a $95 annual dividend, $1,000 par value, and matures after twenty-five years. If comparable yields are 9 percent, what should be the price of preferred B stock? Hint: can use financial calculator to solve. Round to the nearest whole dollar. Just type the number, no commas, no dollar signs.

Reference no: EM132047998

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