Twinkel Inc. has a perpetual preferred stock with annual dividend payment of RM5.00 per share....
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Finance
Twinkel Inc. has a perpetual preferred stock with annual dividend payment of RM5.00 per share.
If the required rate of return on this preferred stock is 7.8%, at what price should the stock sell?
The stock should sell at RM [ ]
If the required rate of return on this preferred stock is 10%, at what price should the stock sell?
The stock should sell at RM [ ]
(Round your answer to 2 decimal points)
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