What is the value of a preferred stock that pays a $2.10 dividend - 4436

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What is the value of a preferred stock that pays a $2.10 dividend annually to an investor with a required rate of return of 11%? (round your answer to the nearest $1) 

a. $17 

b. $19 

c. $21 

d. $23

Solution Description

What is the value of a preferred