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  3. Study Set
    Principles of Managerial Finance
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    Exam 7: Stock Valuation
  5. Question
    Jia's Kitchen Stuff Has Recently Sold 1,000 Shares of $6
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Jia's Kitchen Stuff Has Recently Sold 1,000 Shares of $6

Question 14

Question 14

Short Answer

Jia's Kitchen Stuff has recently sold 1,000 shares of $6.75 preferred stock. What is the value of the stock assuming 10 percent required rate of return?

Correct Answer:

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P = D/r = ...

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