# Need to solve the following problem

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Problem 10/17.

The preferred stock of Denver Savings and Loan pays an annual dividend of $5.60. It has a required rate of return of 8 percent. Compute the price of the

preferred stock.

https://brainmass.com/business/finance/need-to-solve-the-following-problem-23973

#### Solution Preview

The preferred stock pays a dividend of $5.60.

Let us assume that the ...

$2.49