What discount rate was used to come up with a value of $45 per share of preferred stock if the company pays a dividend o

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answerhappygod
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What discount rate was used to come up with a value of $45 per share of preferred stock if the company pays a dividend o

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What discount rate was used to come up with a value of $45 per
share of preferred stock if the company pays a dividend of $9 per
share? Note: preferred stock is valued as a level perpetuity
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