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    Original stock price

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    North Pole Cruise Lines
    Annual Dividend $8.00
    Original Required Rate of Return 8%
    New Required Rate of Return 6%
    Solution:
    a) ORIGINAL PRICE
    Price of Preferred Stock =

    CURRENT VALUE
    b) Price of Preferred Stock =

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    https://brainmass.com/business/finance/original-stock-price-428124

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    North Pole Cruise Lines
    Annual Dividend $8.00
    Original ...

    Solution Summary

    This solution helps with questions regarding stock prices.

    $2.19

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