What the current market price

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Question - A perpetual stock, par value $100, pays an annual dividend of $15 and is callable at $112. If investors desire a return of 20%, what the current market price?

i) $15.00.

ii) $75.00.

iii) $100.00.

iv) $112.00.

v) $115.00.

Reference no: EM133075555

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