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Business, 28.08.2020 14:01 cesarcastellan9

A preferred stock will pay a dividend of $3.00 in the upcoming year and every year thereafter; i. e., dividends are not expected to grow. You require a return of 9% on this stock. Use the constant growth DDM to calculate the intrinsic value of this preferred stock. A) $33.33.
B) $0.27.
C) $31.82.
D) $56.25.

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