> Achi Corp. has a preferred stock with an annual dividend of $2.81?

Achi Corp. has a preferred stock with an annual dividend of $2.81?

Achi Corp. has a preferred stock with an annual dividend of $2.81?

Posted at： 2014-12-05　
If the required return on Achi's preferred stock is 8.3%%, what is its price? (Note: For a preferred stock, the dividend growth rate is zero.)

THANK YOU.

$2.31 / 0.083 = $27.83

If the required return on Achi's preferred stock is 8.3%%, what is its price? (Note: For a preferred stock, the dividend growth rate is zero.)

THANK YOU.
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