Mathematics, 27.11.2020 01:00 asmita9876
FINANCE
3. A preferred stock pays a 3% dividend on its $90.00 par (stated or nominal) value, and the required rate of return is 9%. What is the preferred stock worth?
A. $30.00
B. $100.00
C. $300.00
D. $3,000.00
Answers: 3
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FINANCE
3. A preferred stock pays a 3% dividend on its $90.00 par (stated or nominal) value, and th...