What value would assign to the stocks

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Preferred stock valuation

Question 1; You are considering an investment in one of two preferred stocks, TCF Capital or TAYC Capital Trust. TCF Capital pays an annual dividend of $2.25, while TAYC Capital pays an annual dividend of $2.01. If your required return is 13 percent, what value would you assign to the stocks?

The value of the TCF Capital preferred stock is $__per share.(Round to the nearest cent.)

Reference no: EM132488253

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