Simkins Renovations Inc. issued perpetual preferred stock with a 4% annual dividend. The stock currently yields 18%, and

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Simkins Renovations Inc. issued perpetual preferred stock with a 4% annual dividend. The stock currently yields 18%, and

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Simkins Renovations Inc Issued Perpetual Preferred Stock With A 4 Annual Dividend The Stock Currently Yields 18 And 1
Simkins Renovations Inc Issued Perpetual Preferred Stock With A 4 Annual Dividend The Stock Currently Yields 18 And 1 (11.91 KiB) Viewed 24 times
Simkins Renovations Inc. issued perpetual preferred stock with a 4% annual dividend. The stock currently yields 18%, and its par value is $100. What is the preferred stock's value?
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