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    A preferred stock pays a $7 dividend, and the required rate

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    A preferred stock pays a $7 dividend, and the required rate of return that investors have for this stock is 9%. Given these conditions, what is today's value of the stock?
    a. $63.00

    b. $77.78

    c. $16

    d. $1.29

    e. $0.78

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    A preferred stock pays a $7 dividend, and the required rate of return ...

    Solution Summary

    A preferred stock pays a $7 dividend, and the required rate of return that investors have for this stock is 9%. Given these conditions, what is today's value of the stock?
    a. $63.00

    b. $77.78

    c. $16

    d. $1.29

    e. $0.78

    $2.19