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    North Pole Cruise Lines

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    North Pole Cruise Lines issued preferred stock many years ago. It carries a fixed dividend of $ 600 per share. With the passage of time,yields have sored from the original 6 percent to 14 percent ( yield is the same as required rate of return).

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    Preferred Stock value
    North Pole Cruise Lines issued preferred stock many years ...

    Solution Summary

    This solution is comprised of a detailed explanation to find the preferred stock value.

    $2.19