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21-02-2020
Business

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A preferred stock pays an annual dividend of $5.20. What is one share of this stock worth today if the rate of return is 10.44 percent?

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ijaz4308 ijaz4308

21-02-2020

Answer:

$49.81

Explanation:

The stock price of the one share of the preferred stock in the given question shall be determined through the dividend valuation formula which is given as follow:

Price of share=Dividend per share/Rate of return

In the given question:

Dividend per share=$5.20

Rate of return=10.44%

Price of share=5.20/10.44%=$49.81

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