Calculate the current price of the preferred stock

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if the dividends on a preferred stock is $9 per year, and the required rate of return on the stock is 12%, then calculate the current price of the preferred stock.

Reference no: EM13262395

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Calculate the current price of the preferred stock : if the dividends on a preferred stock is $9 per year, and the required rate of return on the stock is 12%, then calculate the current price of the preferred stock.
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