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Compute the current price of the preferred stock

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Reference no: EM131145249

William’s All Night Long DJ, Inc. has outstanding preferred stock that pays an annual dividend of $6.00 per share.

Compute the current price of the preferred stock if the investor’s required return on the preferred stock is:

(a) 8%

(b) 10%

(c) 12%

Reference no: EM131145249

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