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Business, 28.11.2019 02:31 asapjvzz8786

You have discovered a company which has issued preferred stock with a stated annual dividend of 7% of its par value of $100. the average yield on preferred stock of this type among other companies is 6%. given these conditions, what is your estimate of the market value of this company’s preferred stock? show your work. i am interested in how you get the answer, not just the answer. and you!

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