A perferred stock from Hecla Mining Co. (HLPRB) pays $5.00 in annual dividends. If the required return on the preferred stock is 8.00 percent, what is the value of the stock?
value of the stock=annual dividend/required rate
=5/0.08
which is equal to
=$62.50
A perferred stock from Hecla Mining Co. (HLPRB) pays $5.00 in annual dividends. If the required...
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