The Jones Company plans to issue preferred stock with a perpetual annual dividend of $5 per share and a par value of $30. If the required return on this stock is currently 20%, what should be the stock's market value?
a. $ 50
b. $150
c. $ 25
d. $ 10
e. $100
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Home » Business » The Jones Company plans to issue preferred stock with a perpetual annual dividend of $5 per share and a par value of $30. If the required return on this stock is currently 20%, what should be the stock's market value? a. $ 50 b. $150 c. $ 25 d.