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Compute the current price of the preferred stock

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Reference no: EM13985928

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: EM13985928

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