Multiple Choice
Epo Pharmaceuticals Inc.has an issue of preferred stock outstanding that has a required rate of return of 9% and pays $6 annual dividends.If the preferred share were issued 3 years ago,what is the current price per share?
A) $51.48
B) $66.67
C) $86.34
D) There is not enough information to answer this question.
Correct Answer:
Verified
Correct Answer:
Verified
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