What is the price of share of this preferred stock

Reference no: EM13127703

A corporation is making preferred dividend payments of $ .75 per quarter and the rate of return is 6%. What is the price of share of this preferred stock? (Hint: The approach is similar to the calculation of the price of a share of common stock, but just keep in mind that preferred dividends are fixed and do not grow).

Reference no: EM13127703

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