A Preferred Stock Will Pay a Dividend of $6

question 119

Multiple Choice

A preferred stock will pay a dividend of $6.00 in the upcoming year,and every year thereafter,i.e.,dividends are not expected to grow.You require a return of 10% on this stock.Use the constant growth DDM to calculate the intrinsic value of this preferred stock.

• A)$0.60
• B)$6.00
• C)$600
• D)$60.00
• E)none of the above

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