Answer to Question #159991 in Financial Math for kinda

Question #159991

LSP co. has a preferred stock with an annual dividend of $8.5 per share. If the required return on this preferred stock is 7.5%, at what price should the stock sell?

Expert's answer

find the formula:

"P=\\frac{D}{i}=\\frac{8.5}{0.075}=113.33"

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