?(Preferred stock valuation?) What is the value of a preferred

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?(Preferred stock valuation?) What is the value of a preferred

 

(Preferred stock valuation?) What is the value of a preferred stock when the dividend rate is 13 percent on a $100 par? value? The appropriate discount rate for a stock of this risk level is 14 percent.

The value of the preferred stock is ?$ . ?(Round to the nearest? cent.)

 

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?(Preferred stock valuation?) What is the value of a preferred

Best ?(Preferred stock valuation?) What is the value of a preferred

?(Preferred stock valuation?) What is the value of a preferred