A $25 par value non-callable, non-convertible preferred stock has an annual dividend rate of 5%. Given a required rate of return of 4%, the intrinsic value of the preferred stock is closest to:
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A
$25.25
B
$26.00
C
$31.25
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A $25 par value non-callable, non-convertible preferred stock has an annual dividend rate of 5%. Given a required rate of return of 4%, the intrinsic value of the preferred stock is closest to: | Chartered Financial Analyst Level 1 Quiz - LeetQuiz
