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The ape copy company's preferred stock pays an annual dividend equal to $16.50. if investors demand a return equal to 11 percent to purchase ape's preferred stock, what is its market value?

User Shanish
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2 Answers

5 votes

Answer:

$150

Step-by-step explanation:

Dividend/ Demand Return

$16.50/.11 = $150

User Leehbi
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3 votes
Dang I used to know this but I completely forgot I will try to answer if it comes back to me
User Myesha
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