The preferred stock of Laura's Shiny Things Inc. pays an annual dividend of $8.00. What is the price of the preferred stock if the required return is:
A) 4%
B) 8%
C) 12%
Price = dividend/required return

Question

The preferred stock of Laura's Shiny Things Inc. pays an annual dividend of $8.00. What is the price of the preferred stock if the required return is:

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The Answer of The preferred stock of Laura's Shiny Things Inc. pays an annual dividend of $8.00. What is the price of the preferred stock if the required return is:

The Preferred Stock of Laura's Shiny Things Inc