SOLUTION: UVP preferred stock pays $5.00 in annual dividends per share. If your required rate of return is 13%, how much will you be willing to pay for one share? a. $38.46 b. $26.26

SOLUTION: UVP preferred stock pays $5.00 in annual dividends per share. If your required rate of return is 13%, how much will you be willing to pay for one share? a. $38.46 b. $26.26

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Question 258396: UVP preferred stock pays $5.00 in annual dividends per share. If your
required rate of return is 13%, how much will you be willing to pay for one share?
a. $38.46
b. $26.26
c. $65.46
d. $46.38
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
5/.13=$38.46
A)
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