Style corporation preferred stock pays a dividend of $3.15 a year. - 3407

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Style corporation preferred stock pays a dividend of $3.15 a year. What is the value of the stock if the required rate of return is 8.5%? (round your answer to the nearest$1)

a. 23

b. 27

c. 33

d. 37

Solution Description

Style corporation preferred stock pays a divide