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If LMN ’s Company preferred stock pays 80-cent fixed dividend every month and the required rate of return is 12% per yea

Posted: Sun Jul 03, 2022 6:42 am
by answerhappygod
If LMN ’s Company preferredstock pays 80-cent fixed dividendevery month and the required rate ofreturn is 12% per year.
I. Estimate the expected Value of the preferred stock.