Problem 10-23 Preferred stock value [LO10-4] The preferred stock of Denver Savings and Loan pays...
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Problem 10-23 Preferred stock value [LO10-4] The preferred stock of Denver Savings and Loan pays an annual dividend of $7.20. It has a required rate of return of 8 percent Compute the price of the preferred stock. (Do not round intermediate colculations. Round your answer to 2 decimal places.)
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