Villalpando Winery wants to raise $35 million from the sale of preferred stock. If the winery wants to sell one million

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Villalpando Winery Wants To Raise 35 Million From The Sale Of Preferred Stock If The Winery Wants To Sell One Million 1 (100.71 KiB) Viewed 33 times

Villalpando Winery wants to raise $35 million from the sale of preferred stock. If the winery wants to sell one million shares of preferred stock, what annual dividend will it have to promise if investors demand a return of a. 12%? b. 15%? c. 8%? d. 10%? e. 5%? f. 4%? a. What annual dividend will it have to promise if investors demand a return of 12%? $ (Round to the nearest cent.) 2