Style Corp.preferred stock pays $3.15.What is the value of the stock if your required rate of return is 8.5% (round your answer to the nearest $1,and assume no transaction costs)?
A)$33
B)$23
C)$27
D)$37

Question

Quizplus · Accepted Answer

The Answer of Style Corp.preferred stock pays $3.15.What is the value of the stock if your required rate of return is 8.5% (round your answer to the nearest $1,and assume no transaction costs)?
A)$33
B)$23
C)$27
D)$37