The 800,000 preferred shares of Fantastic Services have a total current market value of $9,192,000 and a book value of $10,000,000.What is the dividend rate if the risk-free rate is 3.15% and the risk premium is 3.65%?
A) 7.40%
B) 7.25%
C) 6.80%
D) 6.25%
Correct Answer:
Verified
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