Calculate price of the preferred stock.

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Reference no: EM1350249

The preferred stock of Ultra Corporation pays an annual dividend of $6.30. It has a required rate of return of 9 percent. Compute the price of the preferred stock.

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Reference no: EM1350249

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Calculate price of the preferred stock. : The preferred stock of Ultra Corporation pays an yearly dividend of $6.30. It has a required rate of return of nine percent. Calculate the price of the preferred stock.
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