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Business, 23.12.2019 19:31 nacariahearns

Ltm, inc. has an issue of preferred stock whose par value is $1,000. the preferred stock pays a 4.5% dividend. if investors require a 5.5% rate of return for these shares, what price should the preferred stock sell for?

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Ltm, inc. has an issue of preferred stock whose par value is $1,000. the preferred stock pays a 4.5%...
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